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Explaining Health Care Reform: Questions About Health Insurance Subsidies

To encourage broad participation in health insurance and provide affordable coverage for families, the Patient Protection and Affordable Care signed into law in March 2010 includes provisions to lower premiums and cost-sharing requirements for Americans with low and modest incomes. This brief describes the subsidies available in the law, including premium subsidies that would be provided in the form of tax credits, as well as other subsidies that would lower cost sharing to eligible Americans. It explains the sliding scale of subsidies available to Americans in 2014 with annual incomes between 100 and 400 percent of the federal poverty level, and describes the cost-sharing assistance and the impact of the subsidies on reform’s overall cost.

Brief (.pdf)