Save on Your 2024 Health Plan with a Tax Credit

Open Enrollment on the Health Insurance Marketplace starts November 1. Before you sign up for a health plan, be sure to find out if you qualify for a subsidy in 2024.

A subsidy is a tax credit from the government that helps you save money on your health insurance plan. It lowers the amount of your monthly premium, so your healthcare coverage is more affordable.

Your eligibility to receive a subsidy depends on three key factors:

• Your income
• Where you live
• The size of your family

When you complete and submit your application for health insurance coverage on the Marketplace, you will find out whether or not you qualify for a subsidy and the amount you may receive.

Make Sure to Check Each Year

If you have any changes to your income or the number of people living in your household, your subsidy eligibility and the amount you receive may also change. It is important to check and make sure your information is updated, so you can receive the correct subsidy amount.

Having a subsidy gives you additional savings that you may not have considered when choosing your healthcare coverage. Make sure you check to see if you qualify for one in 2024.