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As part of the Affordable Care Act, health insurance subsidies are available to help make coverage more affordable to low- and moderate-income individuals and families.1 Furthermore, some states have expanded their Medicaid programs to adults without dependents.
To qualify for this financial assistance, you must purchase your health insurance plan through a state-based or federally facilitated exchange and meet certain household size and income criteria.
What are the criteria?
Our latest infographic provides the basic guidelines.
Not eligible for a subsidy?
Also take a moment to learn about subsidy mistakes to avoid. If you have questions about subsidies and whether or not you qualify, contact your state-based or federally facilitated health insurance exchange or consult a health insurance producer (i.e., agent or broker).
1 Internal Revenue Service. “Questions and Answers on the Premium Tax Credit.” IRS.gov. Sept. 30, 2015. https://www.irs.gov/Affordable-Care-Act/Individuals-and-Families/Questions-and-Answers-on-the-Premium-Tax-Credit
This document is for general informational purposes only. While we have attempted to provide current and accurate information, this information is provided "as is" and we makes no representations or warranties regarding its accuracy or completeness. The information provided should not be construed as legal or tax advice or as a recommendation of any kind. External users should seek professional advice from their own attorneys and tax and benefit plan advisers with respect to their individual circumstances and needs.
About The IHC Group
The IHC Group is an organization of insurance carriers and marketing and administrative affiliates that has been providing life, health, disability, medical stop-loss and specialty insurance solutions to groups and individuals for over30 years. Members of The IHC Group include Independence Holding Company (NYSE:IHC), American IndependenceCorp. (NASDAQ: AMIC), Standard Security Life Insurance Company of New York, Madison National Life Insurance Company, Inc. and Independence American Insurance Company. Each insurance carrier in The IHC Group has a financial strength rating of A- (Excellent) from A.M. Best Company, Inc., a widely recognized rating agency that rates insurance companies on their relative financial strength and ability to meet policyholder obligations. (An A++ rating from A.M. Best is its highest rating.) Collectively, the companies in The IHC Group provide insurance coverage to more than one million individuals and groups. For more information about The IHC Group, visit www.ihcgroup.com.
About IHC Specialty Benefits, Inc.
IHC Specialty Benefits, doing business as Health eDeals Insurance Solutions is a full-service marketing and distribution company that focuses on small employer, individual and consumer products. Health eDeals markets products through general agents online, telebrokerage, advisor centers, private label and directly to consumers. For more information about Health eDeals visit www.HealtheDeals.com.