One of the biggest misconceptions about ACA health insurance is that it is unaffordable. The truth? Millions of Americans qualify for subsidies that dramatically reduce their monthly premiums — and many do not even know it. Here is what you need to know.
What Is the ACA Marketplace?
The Affordable Care Act (ACA) created a Health Insurance Marketplace where individuals and families can shop for and compare health insurance plans. Plans are organized into metal tiers: Bronze, Silver, Gold, and Platinum — each with different premium and out-of-pocket cost structures.
What Are Premium Tax Credits?
Premium tax credits (also called subsidies) reduce the amount you pay each month for your health insurance plan. The amount you qualify for is based on your household income and size. Under current rules, many middle-income Americans qualify for significant savings.
Who Qualifies?
Generally, you may qualify for subsidies if you:
- Are not eligible for affordable employer-sponsored coverage
- Are not enrolled in Medicare or Medicaid
- Meet income requirements (typically 100%–400% of the federal poverty level, though enhanced subsidies have expanded eligibility)
Why Work With an Independent Agent?
Navigating ACA plans on your own can be confusing. As an independent insurance agency, Lander Insurance compares plans across multiple carriers to find you the best combination of coverage and cost. And our services are free to you — we are paid by the insurance companies, not by you.
Call 888-399-6605 or reach out online to find out what you qualify for today.