Financial Aid for Health Insurance
Do you qualify for a federal subsidy?
You may have to decide between accepting a company-provided Reimbursement Arrangement and receiving tax credits offered by a federal subsidy. This choice won’t apply to everyone, but there are some critical considerations if it does apply to you.
Your former employer may provide the option of a Reimbursement Arrangement, which is an account you can use to request reimbursement for any eligible post-tax expenses you and your eligible dependents incur. Your former employer or benefits provider sets up the funding arrangement and determine what rules govern it.
Depending on your income level, you may be able to lower your monthly costs if you qualify for a federal subsidy in the form of a premium tax credit (PTC) or cost-sharing reduction (CSR).
If you qualify for a PTC or CSR, you’ll want to determine which option works best for you. Contact a licensed benefit advisor to learn more.
The following table outlines the annual household income levels required to qualify for a PTC or CSR in 2024. The chart below is an average for all 50 states. Qualifying income levels differ for different states; contact Via Benefits for your state’s specific ranges.
Between $14,580 and $58,320 for individuals
Between $19,720 and $78,880 for a family of two
Between $30,000 and $120,000 for a family of four
