Cost-Sharing Reduction
Extra savings that lower deductibles, copays and coinsurance for eligible people who choose certain Marketplace plans.
In plain English
If you qualify, your out-of-pocket costs shrink, not just your premium.
Why it matters when choosing a plan
These savings generally apply only to specific plan tiers, so tier choice matters.
Related terms
Premium Tax Credit
Managing the costs of modern healthcare requires a clear understanding of the financial assistance available to you. The premium tax credit is a refundable federal tax credit designed to help eligible individuals and families afford health insurance coverage purchased through the Health Insurance Marketplace.
Metal tiers (Bronze/Silver/Gold/Platinum)
Marketplace categories that show how a plan splits costs between you and the plan, from Bronze (you pay more when you get care) to Platinum (you pay less).
Related guides and articles
ACA Marketplace guide: subsidies, metal tiers and enrollment periods
The Health Insurance Marketplace was created by the Affordable Care Act (ACA) to give individuals and families one place to compare plans and get help paying for them. If you don't have affordable coverage through a job, it's often the best place to start.