Individuals without access to subsidized health insurance coverage may be eligible for the premium tax credit (PTC), a federal subsidy that reduces an individual’s or family’s premium for qualified health plans offered through the health insurance exchanges established under the Patient Protection and Affordable Care Act (ACA; P.L. 111-148, as amended).
The report concludes with a discussion that considers the subsidy estimates in a broader context, including interactions with other sources of coverage, actual income distribution, and premium trends.