Coverage under the Marketplace or Exchanges can be less costly depending on you income. This "relief" will be in the form of premium subsidies and cost-share subsidies.
The premium subsidies will help pay for the up front cost to obtain your medical plan. A premium subsidy is simply a portion of the premium paid by subsidies, leaving a smaller portion to be paid by the enrollee.
The cost-share subsidies will help pay for the costs of using your medical plan coverage. These may include a lower out-of-pocket maximum or lower deductibles or coinsurance when you use coverage, thereby changing the actuarial value of the plan coverage.
Both of these items have their own unique set of rules and different eligibility criteria. A person may be eligible for premium subsidies but not eligible for cost-share subsidies. Also, the rules can change based on which coverage you choose in the Marketplace and may include a payback feature if the person mistakenly believes they are eligible.
If you need assistance understanding these rules, please contact Kinney and Larson.