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Health Care Reform:

Health Insurance & Affordable Care Act

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Tax credit

A tax credit is a specific type of subsidy, which is financial help to make health insurance more affordable to the people who enroll in a health plan through their state's health insurance Marketplace.

When you enroll in a health plan on your state’s Marketplace, you may qualify for a tax credit. The amount you may get depends on:

  • How much you make in a year
  • How many people you are covering with insurance
  • Where you live

If you get a tax credit, you don’t have to wait until you file taxes to get the help. Instead, the government may send it as an advance payment directly to your insurance plan. That makes your monthly premium lower.

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Your State's Insurance Marketplace

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