DWQA QuestionsCategory: Cost-SharingI can’t afford to pay much for deductibles and co-pays. Is there help for me in the Health Insurance Marketplace for cost-sharing?
HealthTNHealthTN Staff asked 5 years ago

I can’t afford to pay much for deductibles and co-pays. Is there help for me in the Health Insurance Marketplace for cost-sharing?

1 Answers
HealthTNHealthTN Staff answered 5 years ago

Yes. If your income is between 100% and 250% of the federal poverty level, you can also qualify for cost sharing reductions. These will reduce the deductibles, copays, and other cost sharing that would otherwise apply to covered services.

The cost sharing reductions will be available through modified versions of Silver plans that are offered on the Marketplace. These plans will have lower deductibles, copays, coinsurance and out-of-pocket limits compared to regular Silver plans. Once the Marketplace determines you are eligible for cost sharing reductions, you will be able to select one of these modified Silver plans, based on your income level.

This website is operated by Continental Health Alliance, LLC DBA HealthTN.com and is not the Health Insurance Marketplace website. In offering this website, HealthTN.com is required to comply with all applicable federal laws, including the standards established under 45 CFR 155.220(c) and (d) and standards established under 45 CFR 155.260 to protect the privacy and security of personally identifiable information. This website may not display all data on Qualified Health Plans being offered in your state through the Health Insurance Marketplace website. To see all available data on Qualified Health Plan options in your state, go to the Health Insurance Marketplace website at HealthCare.gov.
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