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Can I get financial help with the costs of my health insurance?

Can I get financial help with the costs of my health insurance?

Some low- and moderate-income families can qualify for financial help to pay for their monthly payments (premiums) for a health plan bought through the Health Insurance Marketplace (but not for plans bought on your own, outside the marketplace). That help is provided through a premium tax credit, which will lower the amount of the premium you must pay. You can use the premium tax credit in a few ways. You can use some or all of it right away as a discount on your premium, so you owe less when you make your monthly payment. You also can choose to get a partial or full refund when you file your taxes the following year. The premium tax credits are based on a sliding scale, so that the greatest help is available to people with the lowest income.
Find out what coverage, costs, and comparisons to consider when shopping for health insurance.

If your income changes in the middle of the year—whether your income goes up or down—be sure to let the Health Insurance Marketplace know, in case your premium tax credit must be adjusted. If your income goes up and you don’t notify the Health Insurance Marketplace, you may owe more in taxes for that year.