Health Insurance Costs
What is cost-sharing reduction in health insurance?
Cost-sharing reductions (CSRs) are subsidies that reduce deductibles, copays, and coinsurance for eligible ACA marketplace enrollees. CSRs are available to households with income between 100-250% of the federal poverty level who enroll in a Silver plan. CSRs can significantly reduce out-of-pocket costs.
Key Points
- CSRs: reduce deductibles, copays, and coinsurance
- Available to households with income 100-250% FPL
- Must enroll in a Silver plan to receive CSRs
- CSRs can significantly reduce out-of-pocket costs
- An independent agent can help you determine if you qualify for CSRs