MarylandHealthplans.org is not a government website and is privately owned. Learn more.
See if You Qualify for the premium Tax Credit:
Compare Obamacare Prices and Plans Now!

The Premium Tax Credit:

Save on Your Monthly Rate

The Premium Tax Credit is a type of subsidy, or "discount", that is applied to your monthly insurance rate, and paid for by the government as part of Obamacare and health care reform.

To qualify for the Premium Tax Credit, your income must be at or below 4x the Federal Poverty Line. Depending on your household size and the state you live in, these income ranges are as follows:

United States residents living in the contiguous states (e.g. not living in Alaska or Hawaii):

Household Size
Yearly Household Income Range
1
$11,880 - $47,080
2
$16,020 - $63,720
3
$20,160 - $80,360
4
$24,300 - $97,000
5
$28,440 - $113,640
6
$32,580 - $130,280
7
$36,730 - $146,920
8
$40,890 - $163,560

Alaska residents only:

Household Size
Yearly Household Income Range
1
$20,479 - $58,880
2
$27,628 - $79,680
3
$34,776 - $100,480
4
$41,924 - $121,280
5
$49,073 - $142,080
6
$56,194 - $162,880
7
$63,370 - $183,680
8
$70,546 - $204,480

Hawaii residents only:

Household Size
Yearly Household Income Range
1
$18,865 - $54,200
2
$25,433 - $73,320
3
$32,002 - $92,440
4
$38,571 - $111,560
5
$45,140 - $130,680
6
$51,709 - $149,800
7
$58,277 - $168,920
8
$64,874 - $188,040

Within these ranges, the lower your income, the more you will save on your monthly health insurance rate. In other words, those with lower incomes receive a higher Premium Tax Credit. If your income falls below these levels, you may be eligible for Medicaid depending on the state you live in. Check with the Federal Health Insurance Marketplace or your state’s exchange to learn more.

If your income falls closer to the middle of these ranges, you may also be eligible to save on out-of-pocket costs. Learn about this additional subsidy program here.

What if my income changes after enrolling in a plan?
Changes in your household income makes you eligible for the Special Enrollment Period. During Special Enrollment, you can update your current plan, or enroll in a new one. Depending on whether your income is decreasing or increasing, the changes would be to either reduce/remove your Premium Tax Credit, or to increase it.

In the event you end up receiving a Premium Tax Credit that is greater than what you should have been given, you would have to repay any overages during tax season. In the event you end up receiving too little of a Premium Tax Credit, then you will end up being paid a tax refund for the remaining balance.

To see if you qualify, and to compare plans with an estimate of your Premium Tax Credit, please submit your zip code. You can also call (833) 762-8166 to speak with an agent.

Still looking for rates? MarylandHealthplans.org, a licensed health insurance broker, can help you get a competitive quote.
Want to see other companies' rates? Check out these insurers that serve your area:
Find an Affordable Plan Now!
To start comparing plans and prices, enter your zip code.
Speak to a Health Care Agent!
(833) 762-8166

Speak to a Health Care Agent
(833) 762-8166
Mon-Fri: 8am-10pm EST
Sat-Sun: 9am-5pm EST

MarylandHealthplans.org
700 S. Flower St., Suite 640,
Los Angeles, CA 90017

MarylandHealthplans.org is an independent broker and is not a federal or state Marketplace website. This website is owned and operated by QuoteLab, LLC, a licensed insurance agency, NPN #19911386. Invitations for application for health insurance on QuoteLab, LLC, or through its designated agent, Martin Petoyan, only where licensed and appointed. License numbers are available upon request and are provided where required by law. Martin Petoyan's residence state is California, where his license number is 0H96813. QuoteLab's license information can be found at marylandhealthplans.org/licenses.html.

This website may not display all data on Qualified Health Plans being offered in your state through the Marketplace website or the federal Medicare program. This is not a complete listing of plans available in your service area. To see all available data on Qualified Health Plan options in your state, visit your state Marketplace website, go to the Health Insurance Marketplace website at https://www.healthcare.gov or consult https://www.medicare.gov.

Submitting this form does NOT affect your current enrollment, nor will it enroll you in a Medicare Advantage plan, Medicare Prescription Drug plan, Medicare Supplement Plan, or any other Medicare plan. QuoteLab, LLC is independent of the Medicare program and is neither associated with nor endorsed by The Centers for Medicare & Medicaid Services (CMS) or any other governmental agency.

The plans represented on MarylandHealthplans.org are Medicare Advantage HMO, PPO and PFFS organizations and stand-alone prescription drug plans with a Medicare contract. Enrollment in any plan depends on contract renewal. If you are paying Medicare Part B premium, you must continue to pay it to maintain coverage.

Advertised Pricing:

There are several factors that impact your monthly premium; including your age, geographical location, annual income, dependents, and the type of plan you choose. Monthly premiums do not include out-of-pocket costs.

The advertised price may not be typical. It was generated using the Kaiser Family Foundation's subsidy calculator that was accessed on September 16, 2020. The following parameters were used: 21 year old adult, non-tobacco user, annual income of $24,700 in 2020, no children, and no available coverage through a spouse's employer. The resulting monthly premium was $30 per month (or $360 per year after $2,751 in subsidies) for a Bronze Plan. Even when using the same parameters, the resulting premium and subsidy calculations may be subject to change.