You could save hundreds of dollars every month on your health insurance payments thanks to government tax credits. Catch can walk you through the process to slash your premium payments in two minutes or less.
Credits are available if you’re one of the millions of people who get an individual or family plan through your state or the federal marketplace on healthcare.gov. The federal government helps lower people’s healthcare insurance payments (called premiums) through tax credits (called Advanced Premium Tax Credits, or APTC). These credits come in the form of a discount to your monthly premium.
The good news is that 86% of people with marketplace plans qualify. If you do, then your monthly savings could be immediate (as in, starting with your next payment) and significant (the average savings from the credit in 2021 was $486 per month).
The exact amount you could save is based on a few factors, one of which is your estimated income. Predicting your income can be a challenge if you work multiple jobs or are independent (self-employed, freelancer, contractor, etc). If your income is different than you expected, then there’s a good chance you can find additional savings.
For example, if you are making less than you expected, or less than you made last year, you can take advantage of government tax credits and slash your premium.
There are a few other factors that influence your savings, like where you live and how big your family is, but you don’t need to go bushwhacking through other websites to research the entire list and see if you qualify - Catch has you covered.
Now that you know about health insurance tax credits, here’s how you claim them to start saving money. In as much time as it takes to order a coffee, Catch can tell you if you qualify, calculate your monthly savings, and file your updated information with the government and your insurance provider. No hassle or hold times. Catch can help you slash your premium on the spot.