Additional Information

Getting federal financial assistance, also known as federal aid, depends on your household size and income. If you qualify, you may be able to get a health plan at a lower cost. These are qualified health plans that come with financial help from the federal government. Here are some key things to know about federal aid:

Are you eligible for health insurance subsidy?

Depending on your household size and income, you may qualify for this assistance.

• People age 18 and older, even students, who file their own federal taxes, may be able to get both types of aid.

• People who don’t have a job and don't have COBRA coverage may also be able to get one or both types of aid.

• Native Americans and Alaskan natives may also be able to get help with their Marketplace or Tribal health plan.

Two Types of Financial Assistance

There are two ways you may be able to help save money on your health care plan costs. One way is by getting a premium tax credit. The other is by getting a cost-sharing reduction (CSR). Premium tax credits and cost sharing reductions are types of federal financial assistance given to people who qualify in order to help make health insurance more affordable.

Premium Tax Credits Lower Your Health Care Premiums

Premium tax credits lower the amount you pay monthly for your health care plan. If you qualify, you have two choices for the way you use this aid. After you sign up for your qualified health plan, you can have the federal government pay the tax credit right to the insurance carrier each month. This lowers the monthly premium amount you pay. Your other choice is to get a tax credit when you file your federal income taxes. This means you pay the full amount of your insurance premium each month. Then, you get the total credit after you file your taxes. You can use the premium tax credit toward any qualified health plan on the Marketplace

.

Cost-Sharing Reductions Lower Your Other Costs

Cost-sharing reductions lower the amount you have to pay out of pocket when you get care, costs like deductibles, copayments, and coinsurance. To take advantage of these savings, you must qualify and enroll in a Marketplace Silver qualified health plan. There is no option to get cost-sharing reductions by filing a year-end tax return. If you qualify for this type of aid, you pay less out of pocket for things like deductibles, copayments, and coinsurance when you get care.

Federal Health Care Aid at a Glance

Premium Tax Credit Cost-Sharing Reduction

Am I eligible?

You may be eligible if:

• You make up to 400% of the federal poverty level2 ($106,000 for a family of four in 2021)

• You're not able to get Medicaid or other public health care programs

• You're not eligible for other coverage, like employer-based coverage

You may be eligible if:

• You make up to 250% of the federal poverty level ($66,250 for a family of four in 2021)

• You're not able to get Medicaid or otherpublic health care programs

• You're not eligible for other coverage, likeemployer-based coverage

Where can I use it?

Any qualified Marketplace health plan, including eligiblehealth plans purchased directly from Cigna HealthcareSM

Only on Silver-level qualified Marketplace health plans

How much can I get?

Varies based on the number of people in your house and how much they make

How does it work?

• Lowers the cost of your premium each month

• Can be paid each month by the federal government to your insurer

• Or you can get credit when you file your federal income taxes

• Lowers the amount you pay out of pocket for copays, deductibles, and coinsurance