Do Silver ACA Health Plans Include Reduced Deductibles?
If you have a lower income, you may qualify for help with your health insurance deductible through the Affordable Care Act (ACA). This assistance is available with Silver plans, which are one of the four metal tiers of ACA plans.
The reduced deductible is already figured into the deductible amount that you see when you’re shopping for a Silver plan on the Health Insurance Marketplace. So, if you have a $1,000 deductible, the cost-sharing reduction is already factored in. You don’t need to do anything else to get the reduced deductible.
How Do I Know If I Qualify for a Reduced Deductible?
To qualify for a reduced deductible, you must meet certain income requirements. For 2023, the income limits are as follows:
For individuals, your income must be between 150% and 250% of the federal poverty level (FPL).
For families, your income must be between 150% and 300% of the FPL.
You can use the [Federal Poverty Level Calculator](https://aspe.hhs.gov/topics/poverty-economic-mobility/poverty-guidelines) to see if you meet the income requirements.
How Do I Get a Reduced Deductible?
If you qualify for a reduced deductible, you don’t need to do anything to get it. The reduced deductible will be automatically applied to your Silver plan when you enroll.
What Are the Benefits of a Reduced Deductible?
A reduced deductible can save you money on your out-of-pocket health care costs. With a lower deductible, you’ll have to pay less before your insurance starts to cover your costs. This can be especially helpful if you have a lot of medical expenses.
If you have any questions about reduced deductibles or other ACA health insurance topics, please contact our licensed agents. We can help you find a plan that meets your needs and budget.
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