Do you need health insurance? Call us at 1-877-687-1182 (TTY/TDD 1-800-743-3333). Learn More
Indiana Healthcare Savings Options | Ambetter from MHS Indiana
Discover Priceless Savings
There are two new ways to help lower the cost of your health insurance plan on the Health Insurance Marketplace:
In some cases, you might be eligible for both.
For a fully keyboard-accessible alternative to this video, view it in Chrome or on any Android or iOS device, view it in Firefox with the YouTube ALL HTML5 add-on installed, or disable Flash in Internet Explorer.
This is also known as a Subsidy. Subsidies are an amount of money, or tax credit from the government to help reduce your monthly premium amount. Subsidies are based on your income and your Federal Poverty Level.
The Federal Poverty Level is the set minimum income a family needs for food, clothing, transportation and shelter. The government decides this level. Check the levels on the Department of Health & Human Services website. The Federal Poverty Level range, as it pertains to subsidy eligibility, may change based on the state you live in.
People who can get health insurance through their employer or through public coverage, like Medicaid, cannot, in most cases, qualify for a subsidy.
Whether or not you are eligible for a subsidy depends on the size of your family and your annual income.
Out-of-Pocket Payment Reductions are also known as Cost Sharing Reductions. While subsidies make your monthly premium payments less expensive, these reductions lower the price of your out-of-pocket payments. These payments can include your copay, your coinsurance and your deductible.
Remember, Out-of-Pocket Payments Reductions are only available on Silver level Health Insurance Marketplace plans.