Two ways you may be able to save on your ACA Marketplace plan

• Reduce monthly payments (premiums) paid to your insurance plan
• Cap the amount an individual or family must pay for health insurance

The size of the premium tax credit is based on a sliding income scale. People who have a lower income will get a larger credit to help cover the cost of their insurance.

Cost sharing is literally “sharing” medical costs with your insurance company. You’ll pay some costs out-of-pocket, and your insurance company also pays some costs. Cost-sharing only applies when you pay part of the cost and your insurance company pays the other part. Sometimes your insurance company pays everything, for example, you pay $0 for preventive care because your insurance plan covers it at 100%.¹ Sometimes you might be responsible for the full amount, like if a certain service isn’t covered or if you choose an out-of-network provider.

• Deductible: The amount you must spend on care covered by your health plan before they begin to pay.
• Copay: A set dollar amount you have to pay when you get care covered by your plan
• Coinsurance: The percentage of costs of a covered health care service you pay after you've paid your deductible.

Cost-sharing reductions (also called decreased cost-sharing or “extra savings”) are part of the Affordable Care Act (also called Exchange Plans). It’s there to help people save on out-of-pocket costs when they get care. People who qualify for cost-sharing reductions may have a lower out-of-pocket maximum. They may also have lower copays and deductibles.² Cost-sharing reductions are in place to help people get the care they need.