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Kiplinger
Kiplinger
Business
Gabriella Cruz-Martínez

Premium Tax Credit: Are You Eligible For This Health Insurance Tax Break?

Picture of money on a tax form.

Each year during open enrollment, millions of families flock to find affordable health insurance. If you’ve shopped for health insurance on the federal marketplace, you may be eligible for a refundable health insurance tax credit.

The premium tax credit helps qualifying individuals and families afford health insurance purchased from the federally-regulated marketplace, better known as the Affordable Care Act (ACA) online network of health insurance plans or “Obamacare.”

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