Illinois Healthcare Savings Programs | Ambetter of Illinois


Healthcare Savings

Discover Priceless Savings

There are two new ways to help lower the cost of your health insurance plan on the Health Insurance Marketplace:

  1. Payment Assistance on Premiums
  2. Out-of-Pocket Payment Reductions

In some cases, you might be eligible for both.

Payment Assistance on Premiums (Subsidies)

Subsidy Explanation Image: see description after image

What is a subsidy? A subsidy is financial assistance provided by the federal government that helps lower what you pay for health insurance each month (your premium). The size of your family, where you live, and your income are the three things that determine your subsidy.  See if you qualify:


This is also known as a Subsidy. Subsidies are an amount of money, or tax credit from the government to help reduce your monthly premium amount.  Subsidies are based on your income and your Federal Poverty Level.  In order to qualify for this assistance, you must make between 138% and 400% of the Federal Poverty Level.

The Federal Poverty Level is the set minimum income a family needs for food, clothing, transportation and shelter. The government decides this level. Check the levels on the Department of Health & Human Services website. The Federal Poverty Level range, as it pertains to subsidy eligibility, may change based on the state you live in.

People who can get health insurance through their employer or through public coverage, like Medicaid, cannot, in most cases, qualify for a subsidy.

Whether or not you are eligible for a subsidy depends on the size of your family and your annual income.

see description


Subsidy vs. Out of Pocket Premium Payment Graphic

This graphic compares out-of-pocket costs with potential financial savings, based on subsidy eligibility.

Out-of-Pocket Payment Reductions

Out-of-Pocket Payment Reductions are also known as Cost Sharing Reductions. While subsidies make your monthly premium payments less expensive, these reductions lower the price of your out-of-pocket payments. These payments can include your copay, your coinsurance and your deductible.

Remember, Out-of-Pocket Payments Reductions are only available on Silver level Health Insurance Marketplace plans.