For the majority of Marketplace policies, PTC lower your premium. The PTC is typically paid in advance to the insurer issuing the eligible plan. The PTC is deducted monthly from the premiums of eligible plans.
If they and their insurance plans satisfy further requirements, married taxpayers who file a combined return and single taxpayers who submit their own returns are both eligible for the PTC.
Those with income between 100% and 400% of the FPL qualify for premium tax credits. And if you earn more than 400% of the FPL, you may still qualify for health insurance discounts.
The amount of the premium tax credit you may receive depends on your income and the cost of Marketplace health plans in your area.
Plans available on federal and state health insurance marketplaces are referred to as qualified plans.