What is a cost-sharing reduction?

Cost-sharing reductions (CSRs) are a financial assistance program that help to reduce the out-of-pocket costs associated with private health insurance, such as deductibles, coinsurance, and copayments. You can determine which financial assistance programs you and your family are eligible for by completing a financial assistance application.

Related FAQs:
Am I eligible for subsidies (financial assistance) to help pay for health insurance?
What is an Advance Premium Tax Credit?
How do individuals receive cost-sharing reductions?
Health plans are categorized as Bronze, Silver, Gold, or Platinum. What does this mean?