PREVIOUS QUESTION:

 

NEXT QUESTION:

 

Can I get help paying for my health insurance?

ANSWER

There are two ways you may be able to get help.

First, there is a tax credit based on two things:

A second kind of financial help is called a cost-sharing subsidy. If you qualify, you'll have lower deductibles, copays, and coinsurance.

For this help, in 2017 single people can earn up to $30,150 a year. A family of four can make up to $61,150. To be eligible, you have to enroll in a silver-level plan.

  • Your income. In 2017, single people can make up to about $4,240 a year to qualify. A family of four can make up to $98,400 a year to qualify.
  • How many people are in your family

SOURCES:

Health Insurance 101: "What is a health insurance exchange?" and "What does it mean to standardize health insurance plans, and how does it help consumers?"

Kaiser Family Foundation: "Private Insurance Benefits and Cost-Sharing Under the ACA."

Center for Consumer Information and Insurance Oversight (CCIO): "Essential Health Benefits Standards: Ensuring Quality, Affordable Coverage;" "Essential Benefits Bulletin;" "Explaining Health Care Reform: Questions About Health Insurance Exchanges."

HealthCare.gov.

U.S. Department of Health and Human Services.

HealthConnector: "Health Insurance for Massachusetts Residents."

Kaiser Health News: "A Guide to Health Insurance Exchanges."

Center for Consumer Information and Insurance Oversight (CCIO).

Reviewed by Sarah Goodell on September 30, 2017

SOURCES:

Health Insurance 101: "What is a health insurance exchange?" and "What does it mean to standardize health insurance plans, and how does it help consumers?"

Kaiser Family Foundation: "Private Insurance Benefits and Cost-Sharing Under the ACA."

Center for Consumer Information and Insurance Oversight (CCIO): "Essential Health Benefits Standards: Ensuring Quality, Affordable Coverage;" "Essential Benefits Bulletin;" "Explaining Health Care Reform: Questions About Health Insurance Exchanges."

HealthCare.gov.

U.S. Department of Health and Human Services.

HealthConnector: "Health Insurance for Massachusetts Residents."

Kaiser Health News: "A Guide to Health Insurance Exchanges."

Center for Consumer Information and Insurance Oversight (CCIO).

Reviewed by Sarah Goodell on September 30, 2017

NEXT QUESTION:

Can I get a larger tax credit if I pick up a platinum insurance plan?

WAS THIS ANSWER HELPFUL

THIS TOOL DOES NOT PROVIDE MEDICAL ADVICE. It is intended for general informational purposes only and does not address individual circumstances. It is not a substitute for professional medical advice, diagnosis or treatment and should not be relied on to make decisions about your health. Never ignore professional medical advice in seeking treatment because of something you have read on the WebMD Site. If you think you may have a medical emergency, immediately call your doctor or dial 911.

    This tool does not provide medical advice. See additional information.

    Other Answers On: