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Health Insurance Glossary

Definitions for common health insurance terms

premium assistance tax credits

DEFINITION: Premium assistance tax credits – usually just called premium subsidies – are included in the health reform legislation to help ensure the goals of the legislation’s individual mandate. Legislation provides premium subsidies on a sliding scale to eligible individuals and families with incomes up to four times the federal poverty level to help them purchase coverage through the health insurance exchanges. Read more and find out whether you’ll qualify for a subsidy.