More about Healthcare Subsidies
Advance Premium Tax Credits (Tax Subsidies)
Tax subsidies reduce the amount you spend on your monthly premium. To qualify for a tax subsidy, you must make less than 400 percent of the federal poverty level.
Cost-sharing Subsidies
While tax subsidies help you pay for your monthly premium, cost-sharing subsidies lower your other out-of-pocket costs for healthcare coverage, including deductibles, copays, coinsurance and out-of-pocket maximum. To qualify for a cost-sharing subsidy, you must make less than 250 percent of the federal poverty level. Cost-sharing subsidies can only be used with a silver plan purchased on the public Marketplace (Healthcare.gov).
Medicaid
In Ohio, if you earn less than 139 percent of the federal poverty level, you will be eligible for Medicaid. Learn more about the federal poverty amounts. To apply for Medicaid, visit Medicaid.gov.
Employer-Sponsored Health Insurance
If your employer offers health insurance, but it is not considered affordable or it does not meet the Affordable Care Act’s definition of minimum value, you may qualify for a subsidy to buy health insurance on your own.
For more information about subsidies, read our Affordable Care Act subsidy FAQs.