The subsidy reduces how much qualifying individuals must pay in health insurance premiums. To be eligible for a subsidy, your household income cannot exceed 400 percent of the federal poverty level. If you qualify and enroll in a subsidy-eligible health plan, the government pays its portion of your premium directly to the insurance company. The exact amount of your subsidy depends on where your income falls below the federal poverty level, and also on the cost of the benchmark health plan in your area.
If you wish to buy individual health insurance, you can get started with a quote using our quote engine below. Alternatively, you can contact us today to get expert advice about a plan that is right for you.