What are Cost Share Reductions?

Cost Share Reductions (CSRs) are a tax credit that helps lower the cost of health insurance for low- and moderate-income families and individuals. CSRs reduce the deductibles, copayments, and coinsurance that you have to pay for your health insurance plan.

How Do CSRs Work?

CSRs are paid directly to insurance companies on behalf of eligible individuals and families. The insurance companies then pass the savings on to you in the form of lower out-of-pocket costs.

Who is Eligible for CSRs?

To be eligible for CSRs, you must:

Be enrolled in a health insurance plan through the Health Insurance Marketplace
Have a household income below a certain level (250% of the federal poverty level)
Not be eligible for Medicaid or Medicare

How Much Can I Save with CSRs?

The amount of money you can save with CSRs depends on your income and the type of health insurance plan you choose. However, CSRs can save you hundreds of dollars per year on your health insurance costs.

What is the Trump Administration’s Proposal?

The Trump administration has proposed not paying CSRs in 2018. This would mean that insurance companies would have to increase their premiums to make up for the lost revenue. As a result, health insurance costs would go up for everyone, not just for those who receive CSRs.

What Would Happen if CSRs Were Not Paid?

If CSRs were not paid, it would have a devastating impact on the health insurance market. Premiums would increase, and many people would be unable to afford health insurance. This would lead to more uninsured people and higher healthcare costs for everyone.

What Can You Do?

If you are concerned about the Trump administration’s proposal, you can contact your elected officials and let them know your thoughts. You can also help spread the word about CSRs and the importance of affordable health insurance.

Conclusion

CSRs are an important part of the Affordable Care Act (ACA). They help make health insurance more affordable for low- and moderate-income families and individuals. The Trump administration’s proposal to not pay CSRs would have a devastating impact on the health insurance market. It is important to contact your elected officials and let them know your thoughts on this issue.