Frequently Asked Questions

  If the Marketplace gives you more subsidy than you actually qualify for, you may have to repay the excess amount when filing your tax return. It's important to report any changes in your income or family size to the Marketplace promptly to avoid potential overpayments. 

  The ACA provides subsidies, including premium tax credits and cost-sharing reductions, to help individuals and families with low to moderate incomes afford health insurance through the marketplace. Eligibility and subsidy amounts are based on income and family size. The lower the income, the higher the subsidy.  The subsidies are applied in advance to reduce monthly premiums, but recipients must reconcile them when filing their tax returns to ensure accuracy based on actual income. 

 Obamacare is a informal term for the Affordable Care Act (ACA), a healthcare reform law enacted in the United States in 2010. It aimed to increase access to affordable health insurance, protect individuals with pre-existing conditions, and implement other healthcare reforms.