Financial Assistance

Did you know you may be able to get financial assistance for your health insurance?

The Affordable Care Act allows for people to get financial assistance, also known as subsidies or tax credits, to help pay for their health insurance.

Use our quick check tool to see if you may be eligible. It is easy and takes less than 1 minute. 

Subsidy Quick Check

 

What financial assistance is available?

You may qualify for two types of subsidies.

  1. Premium Subsidies, also referred to as advanced premium tax credits, may lower the amount of the premium you pay each month.
  2. Cost Sharing Reduction Subsidies limit the maximum out-of-pocket costs. This may lower how much you pay when you go to the doctor, hospital, pharmacy or other healthcare professional.

 

Which health plans are eligible for financial assistance?

BCBSAL has six eligible health plans for those that qualify:

  1. Blue Value Gold
  2. Blue Cross Select Gold
  3. Blue Value Silver
  4. Blue Cross Select Silver
  5. Blue Saver Bronze
  6. Blue HSA Bronze

 

How do I get financial assistance?

To see if you qualify for a subsidy and to determine the amount of assistance you may be eligible to receive, you must apply through the health insurance marketplace at Healthcare.gov or call 1-800-318-2596.

 

How do I enroll in a plan with financial assistance?

  1. If you receive a Premium Subsidy you can apply for any plan available through the health insurance marketplace at Healthcare.gov.
  2. If you receive a Cost Sharing Reduction Subsidy, you must apply for a silver level plan through the health insurance marketplace at Healthcare.gov. Cost Sharing Reduction Subsidies can only be applied toward silver level plans.

 

What if I had a subsidy in 2018?

It is important that you update your information with the health insurance marketplace at Healthcare.gov to make sure you get all the financial assistance you are eligible to receive. If you did not elect to have the health insurance marketplace check your tax returns, you must recertify your subsidy amount, or you will not receive a subsidy in 2019.

 

Am I eligible?

To be eligible for a Premium Subsidy your family income must be between 100% - 400% of the Federal Poverty Level.

To be eligible for a Cost Sharing Reduction Subsidy your family income must be between 100% - 250% of the Federal Poverty Level.

For additional information about the poverty guidelines, visit the U.S. Department of Health & Human Services website.

Household
Size

100%

138%

150%

200%

250%

300%

400%

1

$12,140

$16,753

$18,210

$24,280

$30,350

$36,420

$48,560

2

16,460

22,715

24,690

32,920

41,150

49,380

65,840

3

20,780

28,676

31,170

41,560

51,950

62,340

83,120

4

25,100

34,638

37,650

50,200

62,750

75,300

100,400

5

29,420

40,600

44,130

58,840

73,550

88,260

117,680

6

33,740

46,561

50,610

67,480

84,350

101,220

134,960

7

38,060

52,523

57,090

76,120

95,150

114,180

152,240

8

42,380

58,484

63,570

84,760

105,950

127,140

169,520

 

Use our quick check tool to see if you may be eligible. It is easy and takes less than 1 minute. 

Subsidy Quick Check