Cost-Sharing Reduction
A Cost-Sharing Reduction lowers the deductible, copays, and coinsurance on a Silver ACA Marketplace plan for people with lower income.
Also known as
Related terms
- ACA Marketplace
The ACA Marketplace, found at HealthCare.gov, is where you can compare and buy private health plans, often with subsidies, if you don't have job or government coverage.
- ACA Subsidy / Premium Tax Credit
A federal tax credit that lowers what you pay for health insurance purchased through the ACA Marketplace. The credit is calculated based on your household income relative to the Federal Poverty Level.
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Frequently asked questions about Cost-Sharing Reduction
What is a Cost-Sharing Reduction?+
Extra ACA savings that reduce out-of-pocket costs on a Silver plan.
Who qualifies for a Cost-Sharing Reduction?+
People with income up to 250% of the federal poverty level who pick a Silver plan.
How do I apply for a Cost-Sharing Reduction?+
It is applied automatically when you enroll on healthcare.gov.
Where can I get help?+
Call BenefitKarma at (866) 201-2604 or use our free benefit screener.