Advance Premium (subsidy) Tax Credits may be available to individuals and/or families under the Affordable Care Act who meet certain income requirements and do not have access to affordable health insurance through their employer of another government program. Eligibility for Advance Premium (subsidy) Tax Credits are based on a standard, called the Federal Poverty Level, (FPL) that looks at an individuals household income and the number of people in the household. The size of the Advance Premium (subsidy) Tax Credit is based on a sliding scale with those who make less income getting a larger financial support to lower the cost of their health insurance coverage. Individuals and/or Families who make between 133 percent and 400 percent of the federal poverty level may be eligible for the Advance Premium (subsidy) Tax Credit. This means that an individual making an income up to $47,520 and a family of four with a household income of up to $97,200 may be eligible for the Advance Premium (subsidy) Tax Credit.
Additional criteria relating to immigration status, self-employed individuals and individuals with employer coverage all impact the determination of eligibility. The amount of the Advance Premium (subsidy) Tax Credit depends on the household income and family size of eligible individual in the household.