Health Insurance Marketplace Premium Tax Credit
Administered by Centers for Medicare & Medicaid Services
Tax credits that lower the monthly cost of a Marketplace health plan.
This program's details have not been verified against its official source yet. Confirm them with the organization before you rely on them.
About this program
Premium tax credits reduce what you pay for coverage bought through the Marketplace. Eligibility and the size of the credit depend on household income relative to the poverty guideline, household size, and the cost of plans in your area. Enrollment is generally limited to the annual open enrollment window unless you have a qualifying life event such as job loss.
Who it helps
People without affordable coverage through an employer.
Eligibility requirements
Income at or above the poverty guideline
Your income is in the range where Marketplace tax credits generally apply.
Helpful but not required on its own.
Not already insured
You reported that your household does not have health insurance.
Helpful but not required on its own.
Eligibility estimates are informational and do not guarantee approval. Final eligibility and benefit amounts are determined by the administering agency or organization.
What you will need
- Household income estimate for the coverage year
- Social Security numbers or document numbers for applicants
- Information about any employer coverage offered (if you have it)
How to apply
- Estimated benefit
- Varies with income and local plan prices
- Processing time
- Immediate estimate during the online application