When shopping for a new health insurance plan, you may qualify for help with the cost of buying coverage by:
You may need to fill out an application on Get Covered Illinois, the Official Health Marketplace for Illinois, to find out what kind of assistance you qualify for. You can access the marketplace directly or through Blue Cross and Blue Shield of Illinois.
Under the Affordable Care Act, you may be able to get help paying for your monthly premium based on your family size and income. Find out if you qualify for a premium credit.
Please select the size of your household:
The Affordable Care Act provides a new tax credit, called the Advance Premium Tax Credit. This credit helps you afford health coverage.
This is how it works:
Changes to your family size, income or employment during the year can change the amount of your premium tax credit. You will need to report any changes through the marketplace website.
If you apply on the marketplace, you may also be able to get lower out-of-pocket costs like your deductibles, copays and coinsurance. This is known as cost-sharing assistance, which will help with costs you have to pay when you get medical care, like when visiting a doctor or having a medical procedure, that aren't reimbursed by your health insurance plan.
When you fill out an application on the marketplace, you'll find out if you qualify for reduced out-of-pocket costs. The amount of cost-sharing assistance you qualify for will depend on how much money you make, your family size and the type of plan you purchase.
When applying for health coverage, it may be determined that you or a family member qualifies for a government program at low or no-cost, such as Medicaid or the Children's Health Insurance Program (CHIP).
When you finish your application on the marketplace and it looks like you or a family member is eligible for Medicaid or CHIP, the proper government agency will be contacted so your health coverage can start right away.
If you choose to enroll in one of these lower cost government programs, you will not be eligible to qualify for the premium tax credit or reduced out-of-pocket costs.
You may qualify for Medicaid or CHIP now.
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