Subsidies

Government Subsidies: Save on Your Health Insurance

What are government subsidies?

  • Federal government subsidies are financial assistance designed to help more people gain access to health insurance through the Marketplace.
  • Federal government subsidies are financial assistance designed to help more people gain access to health insurance through the Marketplace.
  • Federal government subsidies are financial assistance designed to help more people gain access to health insurance through the Marketplace.

How do the subsidies work?

  • Your estimated annual income level
  • The number of people in your family
  • The state where you reside
  • Average cost of the plans available in your area

The lower your income (within the allowed limits), the higher the subsidy you receive.

That is why it is so important to correctly report your annual incomeThe calculation of the subsidy depends directly on this information.

Main requirements to qualify

To qualify for government subsidies, you must meet certain criteria:

  • Living legally in the United States (citizen, resident or with valid immigration status).
  • Not having eligible coverage through your employer, Medicare or Medicaid.
  • File your federal income taxes each year.
  • Income within the range allowed by the IRS (generally between 100 % and 400 % of the federal poverty level).

Example: In 2025, a family of 4 may qualify with an income between approximately $31,200 and $124,800 per year*.

Main requirements to qualify

The subsidies are directly linked to the IRS (Internal Revenue Service).as they function as a advance tax credit.
This means that:

  • The government advances you the credit month by month to reduce the cost of your insurance.
  • At the end of the year, when you file your tax return, the IRS checks to see if your actual income matched what you reported when you enrolled.
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What if your income was different?

It is therefore essential to update your income during the year if your work or family circumstances change (e.g. new job, marriage, birth of a child, etc.).

  • If you earned more than the estimated amount, you may have to repay a portion of the subsidy.
  • If you earned less, the IRS may refund the difference as an additional credit.

Importance of filing a tax return

Filing your taxes is not optional if you receive government subsidies.

If you do not submit your tax return (Form 1040)the IRS will notify the Marketplace and you could lose your entitlement the following year..

In other words:

If you don't file your taxes, the government will not be able to confirm that you qualify to continue receiving assistance.

At Ocando Seguros we guide you step by step so that your reported income is correct and you don't have any problems with the IRS or your medical coverage.

How we can help you

At Ocando Insurance we review with you:

  • If you qualify for a subsidy.
  • How much you can save each month.
  • What type of plan offers you the best coverage at the lowest possible cost.
  • How to keep your information updated throughout the year.

Our goal is for you and your family to have affordable, reliable and seamless insurance.

Informative note

Amounts and limits may vary by state, household size and tax year as established by the IRS.

Schedule a free consultation

Not sure if you qualify?
 We can help you to verify your eligibility in minutes and calculate the approximate amount of your subsidy.

Call us or write us by WhatsApp and discover how much you could save today.