Marketplace Subsidies

Marketplace subsidies are financial assistance provided by the government to help lower-income individuals and families afford health insurance purchased through the Health Insurance Marketplace. These subsidies reduce the amount you pay in premiums (monthly costs) and may also lower out-of-pocket expenses like copayments and deductibles. The amount of subsidy you qualify for depends on your income level and household size. Essentially, they are aimed at making healthcare coverage more affordable and accessible for those who might otherwise be unable to afford comprehensive insurance.