Q: Who helps me pay my cost sharing reductions?

If you’re eligible for cost-sharing reductions and enroll in a silver plan, you’ll automatically benefit from reduced cost-sharing charges, such as lower deductibles, out-of-pocket maximums, and copayments.

Unlike tax credits, which help reduce the cost of your monthly premium, cost-sharing reductions don’t have to be reconciled when you file your tax return.

Read More: ACA Silver and Bronze Plans Take First Place

Funds for cost-sharing reductions come from the federal government. They reimburse your health insurance company for the estimated costs of the discounts you receive throughout the year. GetInsured can help you decide if a plan with these benefits are right for you.

  • Cost-Sharing Reductions