![]() This means the insurance plan starts to pay its share of your medical costs sooner. If you qualify for savings on out-of-pocket costs and enroll in a Silver plan: ![]() You'll find out exactly how much you'll save only after you apply and shop for Silver plans in the Marketplace.The lower your income within the range, the more you'll save. If it does fall in the range, the amount you'll save on out-of-pocket costs depends on your specific income estimate.Use this quick tool to see if your 2022 income estimate falls in the range for cost-sharing reductions. Do you qualify for cost-sharing reductions? ![]() You can use a premium tax credit for a plan in any metal category, but you’ll get extra cost-sharing reductions only if you pick a Silver plan. If you qualify for these extra savings on out-of-pocket costs, you get them only if you enroll in a plan in the Silver category. You’ll also find out if your income qualifies you for extra savings known as “ cost-sharing reductions.” If it does, you can save money a second way: by paying less out of pocket each time you get medical services. After you fill out an application with the Health Insurance Marketplace® and provide household and income information, you’ll find out if you qualify for a premium tax credit that lowers your monthly health insurance bill.
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