Health Insurance Tax Subsidy
After selecting and enrolling in a health insurance plan, subsidy payments are made directly to your health insurer. A family of four (4) with an annual income of $48,000 would receive a tax subsidy of $9500. With the advance payments, the premium payment would drop from over $1,000 per month to just under $250 per month, a significant savings for any working family. If you would like to know your monthly tax credit or subsidy before you enroll, click here.