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Dana Sitar (@danasitar) is a staff writer at The Penny Hoarder.
Although premiums for marketplace plans are increasing significantly in many states, if you qualify for premium tax credits, the tax credit should cover most or nearly all of the cost increase.
In general, you may be eligible for tax credits to lower your premium if you are single and your annual 2018 income is between ,060 to ,240 or if your household income is between ,420 to ,680 for a family of three (the lower income limits are higher in states that expanded Medicaid). If you buy a plan through the marketplace and your income is between ,060 and ,050 for a single person (,420 to ,050 for a family of three), you can also qualify for help with cost sharing. 15, you may only sign up for a plan under special circumstances.
If you have questions, you can call the federal government’s toll-free 24-hour hotline at 1-800-318-2596.
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