Skip to main navigation Skip to main content Skip to footer For Medicare For Providers For Brokers For Employers Español For Individuals & Families: For Individuals & Families Medical Dental Other Supplemental Explore coverage through work How to Buy Health Insurance Types of Dental Insurance Open Enrollment vs. Special Enrollment See all topics Shop for Medicare plans Member Guide Find a Doctor Log in to myCigna
Home Knowledge CenterHealth Insurance Subsidy: Financial Aid for Health Care

Health Insurance Subsidy: Financial Aid for Health Care

Find out more about tax credits and cost-sharing reductions.

Getting federal financial assistance, also known as federal aid, depends on your household size and income. If you qualify, you may be able to get a health plan at a lower cost. These are qualified health plans that come with financial help from the federal government. Here are some key things to know about federal aid:

Are you eligible for health insurance subsidy?

Depending on your household size and income, you may qualify for this assistance.

  • People age 18 and older, even students, who file their own federal taxes, may be able to get both types of aid.
  • People who don’t have a job and don't have COBRA coverage may also be able to get one or both types of aid.
  • Native Americans and Alaskan natives may also be able to get help with their Marketplace or Tribal health plan.

Two Types of Financial Assistance

There are two ways you may be able to help save money on your health care plan costs. One way is by getting a premium tax credit. The other is by getting a cost-sharing reduction (CSR). Premium tax credits and cost sharing reductions are types of federal financial assistance1 given to people who qualify in order to help make health insurance more affordable.

Premium Tax Credits Lower Your Health Care Premiums

Premium tax credits lower the amount you pay monthly for your health care plan. If you qualify, you have two choices for the way you use this aid. After you sign up for your qualified health plan, you can have the federal government pay the tax credit right to the insurance carrier each month. This lowers the monthly premium amount you pay. Your other choice is to get a tax credit when you file your federal income taxes. This means you pay the full amount of your insurance premium each month. Then, you get the total credit after you file your taxes. You can use the premium tax credit toward any qualified health plan on the Marketplace.

Cost-Sharing Reductions Lower Your Other Costs

Cost-sharing reductions lower the amount you have to pay out of pocket when you get care, costs like deductibles, copayments, and coinsurance. To take advantage of these savings, you must qualify and enroll in a Marketplace Silver qualified health plan. There is no option to get cost-sharing reductions by filing a year-end tax return. If you qualify for this type of aid, you pay less out of pocket for things like deductibles, copayments, and coinsurance when you get care.

Federal Health Care Aid at a Glance

Error loading table data.

Loading data...

Find Out If You Can Get Federal Aid

You may qualify for both a premium tax credit and a cost-sharing reduction. During the Open Enrollment Period, you can find out what you’re eligible for when you apply online through Cigna or on the Marketplace and get your results.

Tags

Federal Aid
Share article

Related

Bronze, Silver, Gold, and Platinum Health Plans Copays, Deductibles, and Coinsurance What's the Difference Between an HMO, EPO, and PPO? How Health Insurance Works

Explore Our Plans and Policies

Health Insurance Medicare
Dental Insurance Supplemental Insurance

Back to Knowledge Center

Plans are insured by Cigna Health and Life Insurance Company or its affiliates: For Arizona residents, health plans are offered by Cigna HealthCare of Arizona, Inc. For Georgia residents, health plans are offered by Cigna HealthCare of Georgia, Inc. For Illinois residents, health plans are offered by Cigna HealthCare of Illinois, Inc. For North Carolina residents, health plans are offered by Cigna HealthCare of North Carolina, Inc.  For South Carolina residents, health plans are offered by Cigna HealthCare of South Carolina, Inc. For Texas residents, health plans are offered by Cigna HealthCare of Texas, Inc.

1ObamaCare Subsidies, ObamaCare Facts, February 2021, http://obamacarefacts.com/obamacare-subsidies/.

2 Annual Update of the HHS Poverty Guidelines, Federal Register, February 2021, https://www.federalregister.gov/documents/2021/02/01/2021-01969/annual-update-of-the-hhs-poverty-guidelines.

Page Footer

I want to...

Get an ID card File a claim View my claims and EOBs Check coverage under my plan See prescription drug list Find an in-network doctor, dentist, or facility Find a form Find 1095-B tax form information View the Cigna Glossary Contact Cigna

Audiences

Individuals and Families Medicare Employers Brokers Providers

Secure Member Sites

myCigna member portal Health Care Provider portal Cigna for Employers Client Resource Portal Cigna for Brokers

Cigna Company Information

About Cigna Company Profile Careers Newsroom Investors Suppliers Third Party Administrators International Evernorth

 Cigna. All rights reserved.

Privacy Legal Product Disclosures Cigna Company Names Customer Rights Accessibility Non-Discrimination Notice Language Assistance [PDF] Report Fraud Sitemap

Disclaimer

Individual and family medical and dental insurance plans are insured by Cigna Health and Life Insurance Company (CHLIC), Cigna HealthCare of Arizona, Inc., Cigna HealthCare of Illinois, Inc., Cigna HealthCare of Georgia, Inc., Cigna HealthCare of North Carolina, Inc., Cigna HealthCare of South Carolina, Inc., and Cigna HealthCare of Texas, Inc. Group health insurance and health benefit plans are insured or administered by CHLIC, Connecticut General Life Insurance Company (CGLIC), or their affiliates (see a listing of the legal entities that insure or administer group HMO, dental HMO, and other products or services in your state). Accidental Injury, Critical Illness, and Hospital Care plans or insurance policies are distributed exclusively by or through operating subsidiaries of Cigna Corporation, are administered by Cigna Health and Life Insurance Company, and are insured by either (i) Cigna Health and Life Insurance Company (Bloomfield, CT); (ii) Life Insurance Company of North America (“LINA”) (Philadelphia, PA); or (iii) New York Life Group Insurance Company of NY (“NYLGICNY”) (New York, NY), formerly known as Cigna Life Insurance Company of New York. The Cigna name, logo, and other Cigna marks are owned by Cigna Intellectual Property, Inc. LINA and NYLGICNY are not affiliates of Cigna.

All insurance policies and group benefit plans contain exclusions and limitations. For availability, costs and complete details of coverage, contact a licensed agent or Cigna sales representative. This website is not intended for residents of New Mexico.

Selecting these links will take you away from Cigna.com to another website, which may be a non-Cigna website. Cigna may not control the content or links of non-Cigna websites. Details