05/04/2023
How to save on your monthly insurance bill with a premium tax credit:
When you apply for coverage with an Affordable Care Act plan, you’ll find out if you qualify for a "premium tax credit" that lowers your premium — the amount you pay each month for your insurance plan.
The amount of your premium tax credit depends on the estimated household income for 2023.
We’ll work with you to determine if your income is in the range to qualify for the premium tax credit. When applied to your monthly insurance premium payment, with the right carrier, it can reduce you monthly premium. In some cases this can lower monthly premiums to $0.
