Most people are aware that a premium tax credit or subsidy is available to qualified enrollers through the Federally facilitated Marketplace (FFM). The subsidy helps lower premium costs for those whose household income is between 100% and 400% of the Federal Poverty Level (FPL).
What might come as a surprise is that out-of-pocket costs can be greatly reduced for individuals and families between 100% and 250% of FPL. Copays, coinsurance and deductible can be lowered significantly or eliminated in some instances.
Cost-sharing can only be applied to Silver plans, which are projected to pay 70% of covered costs on average. A subsidy, however, can be used for a plan in any metal category (Bronze, Silver, Gold, Platinum).
It may be easier to understand your options and enroll in Marketplace coverage by working with a FFM-certified enroller.
For a free, no-obligation quote call 913.333.3380.
