Insurance terms

Welcome to our terminology page! Here, you'll find a comprehensive list of key terms and definitions relevant to the health insurance space.
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Subsidies refer to financial assistance from the government to lower the cost of health insurance premiums for eligible individuals and families and make health coverage more affordable. Subsidies are based on income, meaning eligibility and subsidy amount depend on your household earnings, and feature reduced premiums that help make monthly payments more manageable. Subsidies are available through government-run health insurance marketplaces and may vary by state.