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What’s Subsidized Coverage?

What’s Subsidized Coverage?


What’s Subsidized Coverage?


Health insurance subsidy helps you to pay for your health insurance. Subsidies lower your monthly premium, which is the amount you pay for health insurance coverage every month. How much of a subsidy you can get depends on your estimated annual income. More specifically, you need to know how much your income is in relation to the federal poverty guidelines, also called the federal poverty level or FPL. The guidelines are adjusted annually and if your expected income for the upcoming year is less than 400% of the poverty level for the upcoming year, you qualify for some kind of subsidy.


If you’re making more on unemployment than working it may mean less help with health insurance premiums.


One of the side effects of the federal government’s expanded unemployment benefits — which added $600 per week to state benefits — is that some unemployed workers have more income now than they did when they were working. If your income falls below whatever cap applies to your situation but is higher than you estimated, you may have to repay some of the subsidies you received.


Types of health insurance subsidies


There are two types of health insurance subsidies available: the advance premium tax credit (APTC) and cost-sharing reductions (CSRs). Medicare is also worth considering.



If you have more questions about insurance, feel free to contact us!

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