The E Premium Tax Credit is a government assistance program designed to make health insurance more affordable for individuals and families. This credit helps to reduce the cost of premiums for those who meet specific income requirements and other eligibility criteria. Below is an overview of how the program works and the factors that influence eligibility.

Important: The amount of the credit is based on your estimated annual income and household size.

Eligibility for this tax credit is primarily determined by the following factors:

  • Income level in comparison to the Federal Poverty Line (FPL)
  • Size of the household
  • Participation in a qualified health insurance plan through the marketplace

The table below summarizes income thresholds and how they impact the amount of the premium assistance.

Income Level Percentage of FPL Premium Assistance
Below 100% FPL 100% Full premium coverage
100% - 150% FPL 100% - 150% Significant premium assistance
150% - 200% FPL 150% - 200% Moderate premium assistance