More people than ever before qualify for financial help to pay for coverage. Depending on how much you earn, you can qualify for a free or low-cost health plan, or be eligible for financial help that can lower the cost of your premiums and copays. Financial help is available in several ways:
- Tax credits: Tax credits can be used to lower the health insurance premium costs of Washington Healthplanfinder Qualified Health Plans. This tax credit provides you the option to either reduce the amount of your monthly health insurance premium or have a lump sum deduction when you file your annual income tax return.
- Cost-sharing subsidies: Cost-sharing subsidies reduce the out-of-pocket amount of expenses you have to pay when you receive health care services at the hospital or doctor’s office. You can get this reduction if you purchase a Silver plan through Washington Healthplanfinder and if your income is below a certain level.
- Washington Apple Health: In 2014, under the Affordable Care Act, Washington State expanded Washington Apple Health. The coverage is free for those who qualify.
Use these cost-estimate calculators to find out if you may qualify:
Levels of Coverage
Washington Healthplanfinder allows shoppers to find a plan that fits their needs and budget by offering side-by-side comparisons of health plans based on a variety of factors such as cost, quality and physician networks. Plan options are broken down into metal tiers based on the level of coverage they provide:
- Platinum Plans: Platinum plans cover 90 percent of the cost of essential health benefits, while the patient pays 10 percent.
- Gold Plans: Gold plans cover 80 percent of the cost of essential health benefits, while the patient pays 20 percent.
- Silver Plans: Silver plans cover 70 percent of the cost of essential health benefits, while the patient pays 30 percent.
- Bronze Plans: Bronze plans cover 60 percent of the cost of essential health benefits, while the patient pay 40 percent.