Can I get financial assistance?
Absolutely, depending on your income. There are tax credits that reduce the cost of your monthly insurance premium. The amount you receive is based on your income, so the less money you make every year, the less you pay for your coverage. To get this assistance, you must apply through the Marketplace and meet the following requirements:
You might also qualify for cost-sharing reductions to help pay your out-of-pocket costs (like deductibles, copayments, and coinsurance). To be eligible, you must earn an annual income up to $28,725 for an individual (or $58,875 for a family of four) AND select a plan at the “silver” level.