{"id":6708,"date":"2015-11-19T10:13:52","date_gmt":"2015-11-19T15:13:52","guid":{"rendered":"http:\/\/www.nchealthplans.com\/news\/?p=6708"},"modified":"2015-11-11T16:50:58","modified_gmt":"2015-11-11T21:50:58","slug":"reduce-bcbsnc-monthly-premium-apply-for-a-federal-subsidy","status":"publish","type":"post","link":"https:\/\/www.nchealthplans.com\/news\/2015\/11\/reduce-bcbsnc-monthly-premium-apply-for-a-federal-subsidy\/","title":{"rendered":"Reduce BCBSNC Monthly Premium &#8211; Apply for a Federal Subsidy"},"content":{"rendered":"<p style=\"text-align: left;\"><a href=\"https:\/\/www.nchealthplans.com\/news\/wp-content\/uploads\/2015\/09\/bigstock-Rate-Hike-words-in-green-lette-85193351.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-6721\" src=\"https:\/\/www.nchealthplans.com\/news\/wp-content\/uploads\/2015\/09\/bigstock-Rate-Hike-words-in-green-lette-85193351-300x269.jpg\" alt=\"Rate Hike words in green letters on a calculator display to illu\" width=\"300\" height=\"269\" srcset=\"https:\/\/www.nchealthplans.com\/news\/wp-content\/uploads\/2015\/09\/bigstock-Rate-Hike-words-in-green-lette-85193351-300x269.jpg 300w, https:\/\/www.nchealthplans.com\/news\/wp-content\/uploads\/2015\/09\/bigstock-Rate-Hike-words-in-green-lette-85193351-1024x917.jpg 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \><\/a>With the cost of health insurance on the rise, you may find yourself looking for ways to help cut the cost.\u00a0 One of the provisions of the Affordable Care Act\u00a0is that\u00a0the federal government now offers federal tax credits, or subsidies, to low-to middle-income individuals and families in order to help reduce the cost of health insurance. Your federal subsidy is an advance premium tax credit and is applied directly to your monthly insurance premium.\u00a0<a href=\"http:\/\/www.nchealthplans.com\/?from=blog\" target=\"_blank\">Government subsidies<\/a>\u00a0can substantially reduce the amount you pay for your <a href=\"http:\/\/www.nchealthplans.com\" target=\"_blank\">Blue Cross Blue Shield NC health plan<\/a>.<!--more--><\/p>\n<p style=\"text-align: left;\">To be eligible for a subsidy, however, you must meet certain requirements.<\/p>\n<ul style=\"text-align: left;\">\n<li>You must be\u00a0between 100% and 400% of the\u00a0federal poverty level\u00a0(FPL).<\/li>\n<li>You must\u00a0NOT be eligible for public\u00a0coverage, such as Medicaid, the Children&#8217;s Health Insurance Program,\u00a0\u00a0Medicare or military coverage, such as Tricare.<\/li>\n<li>You must\u00a0NOT have access to\u00a0minimal\u00a0essential coverage\u00a0through an employer. (An exception\u00a0may be made if\u00a0your employer&#8217;s plan\u00a0does not\u00a0cover at least an average of 60% of covered benefits or if the\u00a0employee&#8217;s share of the premium is more than 9.5% of his or her income.\u00a0\u00a0Employers can tell you if their plans meet these criteria.)<\/li>\n<li>If you are married at the end of 2015, you must file a joint tax return.<\/li>\n<\/ul>\n<p style=\"text-align: left;\">Subsidies can be used on any plan you choose except for grandfathered plans and catastrophic plans for\u00a0individuals under 30.\u00a0The\u00a0amount of\u00a0subsidy\u00a0for which you qualify\u00a0is based on your annual household income and the number of people on your tax return.<\/p>\n<p>Our free<a href=\"http:\/\/www.nchealthplans.com\/?from=blog\" target=\"_blank\"><strong> BCBSNC Rate Quote <\/strong><\/a>offers a calculator to help you determine if you may qualify for a federal subsidy.<\/p>\n<p>For 2015, the subsidy guidelines are as follows based on the Federal Poverty Level Chart:<\/p>\n<p><strong>Household Size:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Your Income Must Fall Between:<\/strong><\/p>\n<p>Family of 1\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $11,670 &#8211; $46,680<\/p>\n<p>Family of 2\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $15,730 &#8211; $62,920<\/p>\n<p>Family of 3\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $19,790 &#8211; $79,160<\/p>\n<p>Family of 4\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $23,850 \u2013 95,400<\/p>\n<p>Family of 5\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $27,910 \u2013 111,640<\/p>\n<p>Family of 6\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $31,970 \u2013 127,880<\/p>\n<p>Family of 7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $35,030 \u2013 144,120<\/p>\n<p>Family of 8\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $40,090 \u2013 160,360<\/p>\n<p>The insurance industry has changed a lot, creating an increase in monthly premiums.\u00a0 If you are looking for some relief, <a href=\"http:\/\/www.nchealthplans.com\/?from=blog\" target=\"_blank\">a federal subsidy <\/a>might help.\u00a0For more information on Blue Cross Blue Shield of North Carolina insurance coverage, please visit our website at <a href=\"http:\/\/www.nchealthplans.com\" target=\"_blank\">www.nchealthplans.com <\/a>or call our toll free number 888-765-5400 and speak with one of our experienced and professional agents.\u00a0<a href=\"http:\/\/www.nchealthplans.com\" target=\"_blank\">CLICK HERE to apply online in 8 minutes or less<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the cost of health insurance on the rise, you may find yourself looking for ways to help cut the cost.\u00a0 One of the provisions of the Affordable Care Act\u00a0is that\u00a0the federal government now offers federal tax credits, or subsidies, to low-to middle-income individuals and families in order to help reduce the cost of health [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[560,14],"tags":[539,415,595,642],"class_list":["post-6708","post","type-post","status-publish","format-standard","hentry","category-affordable-care-act-aca","category-bcbsnc-insurance","tag-aca","tag-blue-cross-blue-shield-nc","tag-insurance-premium","tag-tax-credit"],"_links":{"self":[{"href":"https:\/\/www.nchealthplans.com\/news\/wp-json\/wp\/v2\/posts\/6708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nchealthplans.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nchealthplans.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nchealthplans.com\/news\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nchealthplans.com\/news\/wp-json\/wp\/v2\/comments?post=6708"}],"version-history":[{"count":19,"href":"https:\/\/www.nchealthplans.com\/news\/wp-json\/wp\/v2\/posts\/6708\/revisions"}],"predecessor-version":[{"id":7029,"href":"https:\/\/www.nchealthplans.com\/news\/wp-json\/wp\/v2\/posts\/6708\/revisions\/7029"}],"wp:attachment":[{"href":"https:\/\/www.nchealthplans.com\/news\/wp-json\/wp\/v2\/media?parent=6708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nchealthplans.com\/news\/wp-json\/wp\/v2\/categories?post=6708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nchealthplans.com\/news\/wp-json\/wp\/v2\/tags?post=6708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}