Nevada Health Link

The Health Insurance Subsidy under the Affordable Care Act (ACA), commonly known as Obamacare, is a program designed to make healthcare more affordable for Americans with lower and moderate incomes. This subsidy, in the form of premium tax credits, helps individuals and families reduce their health insurance costs when they purchase plans through the Health Insurance Marketplace. The subsidy amount is determined based on income and family size, with the aim of ensuring that health insurance premiums do not exceed a certain percentage of a family's income. This makes comprehensive healthcare coverage more accessible to those who might otherwise be unable to afford it. Eligibility for the subsidy is based on income criteria set under the ACA, and the subsidy is directly applied to the cost of monthly premiums, lowering the amount individuals have to pay.