Financial Assistance

Tax Subsidy

Federal Poverty Level Guidelines

There are tax credits and cost sharing reductions for individuals who qualify to help make insurance more affordable. The only way to qualify for any tax credits is through the Marketplace. The Marketplace will determine if you qualify and FCIS will help you understand what that means to you and how it works.

Individuals or families with incomes above the 400 percent of the Federal Poverty Level (FPL) may also qualify for the Advanced Premium Tax Credit due to the American Rescue Plan Act. This credit can be applied directly to your monthly premium so you get the lower costs immediately.

  • 400 percent of FPL is currently $51,520 per year for an individual or $104,800 for a family of four. Below are estimated values and are subject to change.
  • The Advanced Premium Tax Credit is based on your income. The lower your income, the higher the tax credit.

When you get coverage through the Marketplace, you may also be eligible for cost-sharing reductions if your income is below 250 percent of the FPL, which means lower costs on deductibles, copayments and co-insurance. FCIS will help you understand if you qualify for a tax subsidy and how it works for you.

Size of Household  100%    150% 250% 400%
1

$12,880

$19,320 $32,200 $51,520
2 $17,420 $26,130 $43,550 $69,680
3 $21,960 $32,940 $54,900 $87,840
4 $26,500 $39,750 $66,250 $106,000
Each Additional        Person $4,540 $6,810 $11,350 $18,160
Coverage Information May Qualify for Cost Share Reductions May Qualify for Cost Share Reductions May Qualify for Advance Premium Tax Credits

What is a Tax Subsidy and How Does it Work?

FCIS will help you understand if you qualify for a tax subsidy and how it works for you.

Why FCIS?

Believe in our knowledge. Value our product. Depend on our support.

At FCIS, we take pride in sharing the wealth of our insurance knowledge. We want to empower you to understand your insurance plan. We represent the nation's top rated insurance companies within the five state area - so we offer the best in our product. We believe that insurance can be accessible with the right support, and our service is top-notch. No question is too small or complicated.

Contact Us

(608) 318-1200

1261 W Main St, Suite 101, Sun Prairie, WI, 53590