A premium tax credit, sometimes called subsidies or discounts, can be used to lower your monthly insurance payment (called your “premium”) when you enroll in a health insurance plan through Nevada Health Link. Your tax credit is based on the income estimate and household information you put on your Marketplace application.
If your estimated income falls between 100% and 400% of the federal poverty level (FPL) for your household size, you qualify for a premium tax credit.
If you were enrolled in a health plan through the Marketplace and used premium tax credits to lower your monthly payments. (Premium tax credits are sometimes called “subsidies,” “discounts,” or “savings.”)
Posted in: Individuals