Medicaid
A joint federal and state program that provides health coverage to eligible people with limited income.
In plain English
Low-cost or free coverage for people who qualify.
Why it matters when choosing a plan
If you might qualify, it can be far cheaper than private coverage.
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.
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.