Applying for an ACA Premium Tax Credit: What You Need to Know
We believe you should take advantage of every legal strategy available to lower your medical costs, health insurance expenses, and income taxes. If you earn less than 400 percent of the federal poverty level (FPL), you may be eligible for substantial tax credits that can lower your premiums and out-of-pocket costs.
Finding the Answers You Need
Your Personal Benefits Consultant will calculate your subsidy and resulting premiums while keeping your personal objectives a priority.
No premium is due until your insurance company lets us know that it has your application. We can help you with your payment process as well. We never charge you for our services, and we are not beholden to any one insurance company. Your goals are our objective.
Unlike the exchange, we watch for any changes or information that might affect your application to make sure everything is going smoothly—that your correct subsidy is applied, your premium is received, and your policy is in effect. And we don’t stop there. Our comprehensive annual review of your plan makes sure your coverage is still the best choice for you and your family.
Getting Started Is Easy
- You can download, print and fill out your Application for Health Coverage & Help Paying Costs form, either as an individual or family. In Appendix C, you can choose to authorize your HSA for America Personal Benefits Consultant to assist you with your application. Don’t hesitate to contact us by email or at (800) 913-0172 with any and all questions you may have.
For Coverage in California:
Please be sure to use the California specific form. Be sure to complete the authorization for us to assist you in applying for insurance and for your subsidy.
For Coverage in Colorado:
Please be sure to use the Colorado-specific subsidy application form, and don't forget to complete the authorization for us to assist you in applying for insurance and for your subsidy.
- After completing your form, you can scan and email it to HSA for America. If you prefer, you can instead fax it to us at (866) 284-0082.
- When applying for a subsidy online, you can rely on your HSA for America Personal Benefits Consultant to help you with your questions before, during and after the process—at absolutely no charge to you.
- We are also certified on the Covered California and the Connect for Health Colorado state marketplaces. When applying on these marketplaces, feel free to authorize us when creating your online account profile in order to take advantage of our expert guidance with your applications.
Not Eligible for a Subsidy? Not Interested in the Exchange?
You should know that, unless you want the advance premium tax credit, you don’t have to apply for a subsidy on the exchange. This means that you’ll get the discount on your premium immediately upon enrollment if you qualify based on estimated income.
You can skip this step when you enroll in a plan, pay the full premium and get reimbursed at tax time instead. This is an attractive option for people who want to avoid miscalculating their annual income ahead of time, which could result in having to repay excess subsidies received.
On or Off the Exchange, Let an Insurance Expert Be Your Guide
Our goal is to make the complicated simple. With the easy-to-understand options HSA for America can provide for you and your family, you can apply for health plans and premium subsidies with the confidence that you’ll be avoiding unnecessary pitfalls later.HSAfor America’s team is backed by 25 years of experience, whereas the government exchange navigators have only about 30 hours of scripted “training!” Our services are always free, and you’ll work with the same Personal Benefits Consultant before, during and after the application process.