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Costs

Monthly Premiums & Tax Credits

Save hundreds every month on your insurance payments thanks to tax credits
See your savingsFind out whether you qualify for discounts to your monthly bill. You might be surprised how much you can save.
tl;drPremiums are your monthly bill for health insurance. Advanced Premium Tax Credits are savings to your premium.

What is a premium?

A premium is a monthly payment to your provider for health insurance. Just like rent or a streaming service, you keep your plan active by paying for it each month.

Could I save money on my premiums?

You could save hundreds of dollars every month on your health insurance payments thanks to tax credits. The government helps lower people’s premiums through what’s called advanced premium tax credits (APTCs), which come in the form of a discount to your monthly premium.

The amount may vary based on factors like income, family size, and where you live, but most people buying their own insurance save over $400 each month. Don't miss out on the savings you qualify for.

It's worth noting that tax credits are only available through government marketplaces (healthcare.gov and state exchanges) or through official exchange partners like Catch.

How does this work?

These savings, known as APTCs, are tax credits that you're applying in advance. Here's exactly what will happen:

  1. Get a quick estimate of what savings you're eligible for here.
  2. Once you've selected your plan, you'll be able to apply through Catch. During the application process, make sure to apply for financial assistance, even if you think you won't qualify. You'll share detailed information about your household and estimated income, so the Marketplace can determine exactly what savings you're eligible for. Estimating your income accurately is critical to getting the tax credits you qualify for, and we know that can be challenging, so check out our tips here.
  3. If your income changes during the year, make sure to keep us updated.
  4. When you file your taxes, the IRS will look at what you actually earned to figure out what tax credit you should have qualified for (as opposed to the APTCs you actually got!). If your income is lower than you estimated, you’ll get a refund. If your income is higher than you estimated, you’ll owe a bit more in taxes.

Confused? We know this can be overwhelming. Our Support team is here to help you every step of the way, to ensure you get all the discounts you're eligible for.

Get in touch

Catch Support is available from 9am to 6pm ET, Monday through Friday excluding federal holidays.

help@catch.co833-309-0500 (TTY 711)
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