Health Insurance Subsidy
aka Advance Premium Tax Credit
A “Subsidy” is where the Government and you share in paying your monthly health insurance payments. The Government helps you pay your health insurance payments monthly, by sending a certain dollar amount of your insurance payment (premium) to the insurance company, and you send in the other portion of your monthly insurance payment to the insurance company. This is called “APTC” (Advance Premium Tax Credit). The factors that affect the percentage or portion of the health insurance premium you pay is your household income and household size (members of your family on your tax return).
