Obamacare Subsidies: What You Need to Know
The Affordable Care Act (ACA), also known as Obamacare, provides financial assistance to help people afford health insurance. These subsidies are available to people who meet certain income and other requirements.
Who is eligible for ACA subsidies?
To be eligible for ACA subsidies, you must meet the following requirements:
You must be a US citizen or legal resident.
You must not be incarcerated.
Your income must be between 100% and 400% of the federal poverty level (FPL).
How much are ACA subsidies?
The amount of your ACA subsidy will depend on your income and the number of people in your household. The subsidy will be used to lower your monthly health insurance premiums.
How do I apply for ACA subsidies?
You can apply for ACA subsidies when you apply for health insurance through the Health Insurance Marketplace. You can also apply for subsidies by calling the Marketplace at 1-800-318-2596.
What if I don’t qualify for ACA subsidies?
If you don’t qualify for ACA subsidies, you may still be able to get affordable health insurance through the Health Insurance Marketplace. You can also explore other options, such as Medicaid or CHIP.
Conclusion
ACA subsidies can help you afford health insurance. If you meet the eligibility requirements, you can apply for subsidies when you apply for health insurance through the Health Insurance Marketplace. You can also get help applying for subsidies by calling the Marketplace at 1-800-318-2596.
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