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Judi L. Woods Agency Blog

Market Place Subsidies

Advanced Premium Tax Credit (financial assistance with premiums) are available to individuals with an income level of less than 400% of the Federal Poverty Level. Cost Share Subsidies (assistance with out-of-pocket costs) is available to individuals with an income of less than 250% of the Federal Poverty Level
Required information - people will need to submit when applying for subsidy
•      Names of all family members
•      Social Security numbers of all applicants
•      Dates of birth
•      Gender and ethnicity
•      Employer name
•      Projected income for the upcoming year and sources of income
•      Certain deductions similar to those claimed on a federal income tax return 




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