Qualify for lower health coverage costs
When you use the Health Insurance Marketplace you may be eligible for premium tax credits and other savings on a private insurance plan
Save money in the Marketplace 3 ways (based on income and family size):
1. Lower costs on your monthly premiums
2. Qualify for lower out-of-pocket costs for copayments, coinsurance, and deductibles.
3. Qualify for free or low-cost coverage through Medicaid* or the Children's Health Insurance Program CHIP**.
When you fill out your Health Insurance Marketplace application, you'll find out how much you can save. Most people who apply will qualify for lower costs of some kind. Source: healthcare.gov
*Medicaid in Texas - Each state has different rules about who qualifies for Medicaid. You can find out whether you can get Medicaid in Texas. Learn more about Medicaid in Texas.
**CHIP in Texas - Texas CHIP covers uninsured children in families with moderate incomes that are too high to qualify for Medicaid. You can find out whether your children qualify for Texas CHIP. Learn more about Texas CHIP.
Are you eligible
When Open Enrollment starts, fill out an application to see how much you and your family are eligible for if you qualify. Gather this information before you apply:
Savings depend on income and family size
If your income falls within the following ranges you'll generally qualify for a premium tax credit. The lower your income is within these ranges, the bigger your credit.
- Will you save on health coverage? Do a quick check
$12,060 to $48,240 for individuals
$16,240 to $64,960 for a family of 2
$20,420 to $81,680 for a family of 3
$24,600 to $98,400 for a family of 4
$28,780 to $115,120 for a family of 5
Larger families See more on this topic
If your income falls below these amounts, learn about Medicaid expansion & what it means for you
See more on Medicaid & CHIP coverage
Need help with finding out if you qualify for financial assistance, which can help pay your monthly premiums and reduce out-of-pocket costs? Contact me, I'm happy to help!