Cutting CSR Likely Means Cheaper Bronze, Gold, and Platinum Plans
Trump’s move to cut Cost-Sharing Reduction assistance will likely result in lower premiums for those who qualify for Premium Tax Credits on Bronze, Gold, and Platinum plans.
Trump’s move to cut Cost-Sharing Reduction assistance will likely result in lower premiums for those who qualify for Premium Tax Credits on Bronze, Gold, and Platinum plans.
Below is a copy of the 2015 study published on HHS, “The Potential Fiscal Consequences of Not providing CSR Reimbursement.”
How Do Cost Sharing Reduction Subsidies Work? ObamaCare’s Cost Sharing Reduction Subsidies (CSR) lower out-of-pocket costs, based on income, for Silver plans bought on the Health Insurance Marketplace. Please note that CSR subsidies are paid to insurance companies, not to individuals. They are intended to offset the expenses of offering lower-cost health insurance to qualifying individuals. Eliminating… Read More
Trump is reportedly considering ending ObamaCare’s CSR Subsidies for out-of-pocket costs. This would affect customers starting during open enrollment.
How Do Cost Sharing Reduction Subsidies Work? ObamaCare’s Cost Sharing Reduction Subsidies (CSR) lower out-of-pocket costs, based on income, for Silver plans bought on the Health Insurance Marketplace. Along with Premium Tax Credits, ObamaCare’s Cost Sharing Reduction subsidies lower what you pay for out-of-pocket costs like deductibles, copays, and coinsurance, making health insurance coverage more affordable and… Read More
The 2024 open enrollment season, from November 1, 2023, to January 15, 2024, in most states, introduces several updates in the Marketplace, particularly in terms of subsidies.
Everything You Need to Know About Obamacare Cost Assistance For 2024 We cover everything you need to know about cost assistance for 2024 health plans under the Affordable Care Act (ObamaCare). In other words, here is everything you need to know about Premium Tax Credits, Cost Sharing Reduction Subsidies, Medicaid and CHIP, HSAs, and Medical… Read More
This page features a 2024 ObamaCare eligibility chart, the 2023 federal poverty level used for 2024 subsidies, and a subsidy calculator. ObamaCare Cost Assistance To get assistance under the Affordable Care Act, you generally must earn between 100% – 400% of the poverty level. For 2024 coverage, that is $14,580-$58,320 for an individual and $30,000-… Read More
The 2023 Federal Poverty Guidelines (for 2024 Cost assistance and 2023 Medicaid/CHIP) Below are the 2023 Federal Poverty Guidelines that went into effect in early 2023 (the ones you use for 2023 Medicaid/CHIP and for 2024 marketplace cost assistance). These guidelines are the key to all cost assistance under the Affordable Care Act. Specifically, these guidelines… Read More
Cost Sharing Reduction (CSR) subsidies reduce your out-of-pocket expenses on silver plans purchased through the health insurance marketplace for those with incomes between 100% – 250% of the poverty level. For 2023 CSR values remain unchanged and provide 70%, 73%, 87%, or 94% Actuarial Value depending on income. CSR subsidies lower your coinsurance, and lower… Read More
This page features a 2023 ObamaCare eligibility chart, the 2022 federal poverty level used for 2023 subsidies, and a subsidy calculator. ObamaCare Cost Assistance To get assistance under the Affordable Care Act you must earn between 100% – 400% of the poverty level. For 2023, that is $13,590-$54,360 for an individual and $27,750- $111,000 for… Read More
Everything You Need to Know About Obamacare Cost Assistance For 2023 We cover everything you need to know about cost assistance for 2023 health plans under the Affordable Care Act (ObamaCare). In other words, here is everything you need to know about Premium Tax Credits, Cost Sharing Reduction Subsidies, Medicaid and CHIP, HSAs, and Medical… Read More
The 2022 Federal Poverty Guidelines (for 2023 Cost assistance and 2022 Medicaid/CHIP) Below are the 2022 Federal Poverty Guidelines that went into effect in early 2022 (the ones you use for 2022 Medicaid/CHIP and for 2023 marketplace cost assistance). These guidelines are the key to all cost assistance under the Affordable Care Act. Specifically, these guidelines… Read More
Our ObamaCare 2022 Guide: Everything You Need to Know About ObamaCare Subsidies, Rates, Dates, Enrollment, and More We cover everything you need to know about ObamaCare in 2022 including information on enrollment, assistance, benefits, plan types, and more. In this article, we’ll cover what you need to know for 2022 coverage purchased during open enrollment 2022 (Nov 1,… Read More
Cost Sharing Reduction (CSR) subsidies reduce your out-of-pocket expenses on silver plans purchased through the health insurance marketplace for those with incomes between 100% – 250% of the poverty level. CSR subsidies lower your coinsurance, and lower copays, deductibles, and maximum out-of-pocket costs you will pay in a policy period. CSR subsidies are based on… Read More
Everything You Need to Know About Obamacare Cost Assistance For 2022 We cover everything you need to know about cost assistance for 2022 health plans under the Affordable Care Act (ObamaCare). In other words, here is everything you need to know about Premium Tax Credits, Cost Sharing Reduction Subsidies, Medicaid and CHIP, HSAs, and Medical… Read More
This page features a 2022 ObamaCare eligibility chart, the 2021 federal poverty level used for 2021 subsidies, and a subsidy calculator. ObamaCare Cost Assistance To get assistance under the Affordable Care Act you must earn between 100% – 400% of the poverty level. For 2022, that is $12,880-$51,520 for an individual and $26,500- $106,00 for… Read More
The 2021 Federal Poverty Guidelines (for 2022 Cost assistance and 2021 Medicaid/CHIP) Below are the 2021 Federal Poverty Guidelines that went into effect in early 2021 (the ones you use for 2021 Medicaid/CHIP and for 2022 marketplace cost assistance). These guidelines are the key to all cost assistance under the Affordable Care Act. Specifically, these guidelines… Read More
This page features a 2021 ObamaCare eligibility chart, the 2020 federal poverty level used for 2021 subsidies, and a subsidy calculator. TIP: The information on this page is for plans held in 2021. If you are shopping for 2022 plans, see our 2022 ObamaCare Eligibility Chart and Subsidy Calculator. ObamaCare Cost Assistance To get assistance… Read More
Everything You Need to Know About Obamacare Cost Assistance For 2021 We cover everything you need to know about cost assistance for 2021 health plans under the Affordable Care Act (ObamaCare). In other words, here is everything you need to know about Premium Tax Credits, Cost Sharing Reduction Subsidies, Medicaid and CHIP, HSAs, and Medical… Read More
Cost Sharing Reduction (CSR) subsidies reduce your out-of-pocket expenses on silver plans purchased through the health insurance marketplace for those with incomes between 100% – 250% of the poverty level. CSR subsidies lower your coinsurance, and lower copays, deductibles, and maximum out-of-pocket costs you will pay in a policy period. CSR subsidies are based on… Read More
The 2020 Federal Poverty Guidelines (for 2021 Cost assistance and 2020 Medicaid/CHIP) Below are the 2020 Federal Poverty Guidelines that went into effect in early 2020 (the ones you use for 2020 Medicaid/CHIP and for 2021 marketplace cost assistance). These guidelines are the key to all cost assistance under the Affordable Care Act. Specifically, these guidelines… Read More
Cost Sharing Reduction (CSR) subsidies reduce your out-of-pocket expenses on silver plans purchased through the health insurance marketplace for those with incomes between 100% – 250% of the poverty level. CSR subsidies lower your coinsurance, and lower copays, deductibles, and maximum out-of-pocket costs you will pay in a policy period. They are lowered by a… Read More
Our ObamaCare 2020 – 2021 Guide: Everything You Need to Know About ObamaCare Subsidies, Rates, Dates, Enrollment, and More We cover everything you need to know about ObamaCare in 2020 including information on enrollment, assistance, benefits, plan types, and more. Below we’ll cover what you need to know for 2020, and for 2021 coverage purchased in 2020. TIP:… Read More
Everything You Need to Know About Obamacare Cost Assistance For 2020 We cover everything you need to know about cost assistance on 2020 health plans under the Affordable Care Act (ObamaCare). In other words, here is everything you need to know about Premium Tax Credits, Cost Sharing Reduction Subsidies, Medicaid and CHIP, HSAs, and Medical… Read More