beWellnm is here to help you find out if you can get a break on health insurance costs. 

Have you checked to see if you qualify for a premium subsidy to help you pay for health insurance this year? Learn more about low- or no-cost health insurance programs available through beWellnm, the official Marketplace.  


Premium subsidies can help you pay for costs

Premium subsidies are also called advanced premium tax credits (APTC). If you qualify based on your income, a premium subsidy can lower the cost of your premium. That means you pay less every month. Or, you may claim the credit when you file your taxes. 

The amount you get for the tax credit is based on your income and the size of your family. If your income goes up or down throughout the year, your premium subsidy amount may be smaller or greater than the estimated amount. If that happens, you’ll get a tax refund or pay the difference when you file your taxes.

Reduced costs for services throughout the year

With cost-sharing reductions (CSR), you pay lower costs you make when seeing a doctor, getting treatment in the hospital or filling a prescription. CSR plans lower how much you pay for your deductible, copayment and coinsurance. (These are called out-of-pocket costs.

If you qualify based on income, cost sharing reductions may be available when you choose a silver level health plan through the Marketplace. 

Native Americans may get a break on costs with any health plan on the Marketplace. Depending on income, Native Americans pay limited or no out-of-pocket costs for health care. 

Can you save money on a health plan?

The first step in exploring your savings is estimating your yearly income. How to start?

1.    Look at your most recent tax return to get a ballpark figure of your household income. 
2.    Find your Adjusted Gross Income (AGI). If you filed Form 1040, your AGI will be listed on line 37. 
3.    Estimate your income for 2017. Do you expect your income to be higher? Lower?

When you have an idea of your income, take a look at the limits to see if you may qualify. 

This chart shows the income levels for financial help with insurance costs

Income levels for financial help
Estimated income for 2017
Number of people in family You may qualify for a PREMIUM SUBSIDY if your yearly income is below You may qualify for a PREMIUM SUBSIDY and COST-SHARING REDUCTIONS if your yearly income is below
1 $47,520 $29,700
2 $64,080 $40,050
3 $80,640 $50,400
4 $97,200 $60,750
5 $113,760 $71,100
6 $130,320 $81,450

See income levels for financial help for Native Americans.

Not sure if you may qualify? Fill out an application to see if you can get a break on costs. When you apply, you will be asked questions about your income and family. The answers you offer are used to determine the help you can receive.  

Learn more now

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