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Concept
Premium Tax Credit
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Summary
The
Premium Tax Credit
is a
Refundable Tax Credit
designed to help
Eligible individuals and families
purchase
Health Insurance
through the
Health Insurance
Marketplace at a more
Affordable cost
. Eligibility and the amount of the credit depend on the
Household Income
in relation to the
Federal Poverty Line
and the
Cost of coverage
in the
Marketplace plan
.
Concepts
Refundable Tax Credit
Household Income
Federal Poverty Line
Health Insurance Marketplace
Affordable Care Act
Cost-sharing Reduction
Income Verification
Subsidy
Marketplace Insurance
Qualified Health Plan
Relevant Degrees
Public Revenue 50%
Insurance and Risk Sharing 30%
Company Law 20%
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