When starting the application, you should indicate that they are interested in financial assistance to help pay for the cost of health insurance. The Marketplace will determine eligibility based on income, household size, and a few other factors. Cost-Sharing Reductions are not payments; rather, they are applied to the Silver Level plan you select to lower the out-of-pocket payments associated with that plan. This means that, when you use health care services, you will pay lower deductibles, co-payments, and coinsurance than without the Cost-Sharing Reduction. To access these savings, you must qualify and purchase a Silver Level plan through the Marketplace.
Am I eligible for financial assistance to help pay for health insurance?
What is a Cost-Sharing Reduction?
How do individuals receive Premium Tax Credits?
How can I apply for coverage and financial assistance through the Marketplace?