Need Health Insurance? Open Enrollment begins Nov 1st. Learn More.
You may be eligible to save money on your health insurance premium and lower your monthly bill.
What is a Premium Tax Credit?
It’s a type of financial assistance from the government that can help you save on your monthly premium payment. The tax credit, if you’re eligible, will go towards reducing your monthly premium. Your premium payment is what you pay each month for your monthly bill.
Do You Qualify?
Your eligibility is based on household size and estimated income along with other factors.
Your household income for the year must fall between 100% to 400% of the Federal Poverty Level. Federal Poverty Level (FPL) is the minimum income a family requires for basic needs like food or shelter. The government decides these FPL levels. You can check the levels on the Department of Health and Human Services website. The FPL range may change based on the state you live in.
Calculate Costs and Savings When You Enroll
To see what savings you may be eligible for, visit Washington Healthplanfinder. You will be able to enter basic information to see what you may be eligible for.
Understanding Premium Tax Credits
Watch how premium tax credits may help you save money on health insurance premiums. View the Video.