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If I have health coverage through my job, can I get financial help with the costs of my health coverage?

If I have health coverage through my job, can I get financial help with the costs of my health coverage?

Most people who have health coverage through their employer are not eligible for premium tax credits in the Health Insurance Marketplace. In certain circumstances, you may be able to get a premium tax credit if your employer coverage is neither “affordable” nor “adequate,” as defined by the law, and you meet specific limited income levels. For example, for coverage in 2018, an individual with a household income between about $12,060 and $48,240 or a family of four with a household income between about $24,600 and $98,400 may be eligible for premium tax credits for coverage in the Health Insurance Marketplace. These are ballpark figures and will change each year. Check with your human resources department to learn more about your employer’s health plan or with your Health Insurance Marketplace to see if you quality for financial help. You can also use this Health Insurance Marketplace Calculator to get an estimate of the financial help you may qualify for if you buy coverage through the Health Insurance Marketplace.