What is an Advance Premium Tax Credit?

An Advance Premium Tax Credit is a financial assistance program designed to help individuals with the cost of their health insurance premiums. To be eligible for this tax credit, individuals must be eligible to purchase insurance through Connect for Health Colorado’s Marketplace and meet the income requirements. You can determine which financial assistance programs you and your family are eligible for by completing an application.

Related FAQs:
Am I eligible for subsidies (financial assistance) to help pay for health insurance?
What is a Cost Sharing Reduction?
How do individuals receive Advance Premium Tax Credits?