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Every month, you and your family may be able to get help paying for the cost of health insurance. This help is known as a subsidy. A subsidy is an amount of money, or tax credit, from the government.
A subsidy helps reduce your premium each month, which can greatly decrease your overall cost of health insurance.
In most cases, people who can get health insurance through their employer or through public coverage (for example: Medicaid, Medicare or CHIP) cannot qualify for a subsidy. Your subsidy amount is based on your income and family size.
The estimated subsidy amount shows the amount you and your family might save on the cost of health insurance. This is compared to what you and your family might pay in the individual market without subsidies. Premiums are shown for a Balanced Care (Silver) plan. You can choose to purchase another plan. This is just an estimate. To confirm your exact subsidy amount, you will need to apply in your state’s Marketplace.
You can also use our website to get medical insurance quotes for your plan. Medical insurance quotes can give you an idea of how much you may pay for our health insurance plan. This is just an estimate.