ACA Premium Tax Credit — Health Insurance Subsidy
The Affordable Care Act Premium Tax Credit subsidizes health insurance purchased through the marketplace. Many people qualify for $0-premium plans even at middle incomes — someone earning $35,000/year can get a silver plan for under $50/month. The credit is paid directly to your insurer, reducing your monthly premium. Open enrollment runs November 1 – January 15; special enrollment is available for qualifying life events (job loss, marriage, birth, move). Over 4 million eligible Americans go without coverage they could get at little or no cost.
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