Financial assistance may be available to you in the form of income tax credits from the Advanced Premium Tax Credit program, sometimes called APTC. These credits can help pay part of your premiums which makes your healthcare more affordable. Eligibility for this assistance is based on household size and income.
Your family may qualify for another special program called the Children’s Health Insurance Program, or CHIP. This is a government-sponsored program that can provide health insurance for kids at a low rate, or sometimes free of charge.
To find out if you qualify for financial assistance or CHIP, visit the Healthcare.gov website (link opens in new window). Keep in mind, the requirements change every year based on federal guidelines. If you do not qualify now, you may qualify next year.
There is more you can do to save on healthcare insurance. Learn more about managing healthcare costs in this article.