Cost-Sharing Reductions

Just before you go in to see your doctor, you reach into your pocket. You hand over your insurance card, which tells you how much you need to pay as a “copayment” that day, which is a type of co-sharing.

If you’re below the poverty line, you might be eligible for a cost-sharing reduction subsidy. These subsidies help people cover their co-sharing costs like copayments, co-insurance, and deductibles.

This discount payment system reduces the total cost of out-of-pocket expenses. These subsidies were part of the Affordable Healthcare Act.