State Funded Health Insurance Subsidies How Do They Work
For millions of Americans who purchase their own health insurance through their state’s health insurance exchange, the monthly premiums are subsidized by the federal government in the form of a premium tax credit. And millions of enrollees also receive cost-sharing reductions. The federal government no longer pays insurers to provide this benefit, but it’s still available to all eligible enrollees. The federally funded subsidies are available nationwide, but some states also offer their own state-funded subsidies that are available in addition to the federal subsidies....