Do I qualify for a subsidy?
Many people whose employers do not help pay for health insurance will qualify for financial help to pay for private insurance. You must buy coverage through Healthcare.gov, the federal website.
Eligibility depends on your family size and household income.
People who earn less than the amount shown below may qualify for financial help. If you have more than eight family members, please visit HealthCare.gov or call 1-800-318-2596 to learn about savings.
||Maximum yearly income
How do tax credits work?
If you qualify for tax credits, you can:
- Have all or part of the credit paid in advance to your insurance company
to lower what you pay for your monthly premiums
- Wait to claim all of the credit when you file your tax return for the year
If you use tax credits before filing your taxes, you
must update Healthcare.gov during the year if you have changes to income, family
(such as having a baby), or employment (such as getting a job where health insurance
coverage is offered). Healthcare.gov will change the tax credit amount to reflect
the new information.
If you forget to update Healthcare.gov, you might owe
money at tax time. You can also find more about the tax credit and filings your