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A cost-sharing reduction (CSR) is a provision of the Affordable Care Act that reduces out-of-pocket costs for eligible enrollees who select Silver health insurance plans in the marketplace.
A discount that lowers the amount you have to pay for deductibles, copayments, and coinsurance. In the Health Insurance Marketplace ®, cost-sharing reductions are often called “extra savings.”. If you qualify, you must enroll in a plan in the Silver category to get the extra savings.
In the Health Insurance Marketplace®, cost-sharing reductions are often called “extra savings.” If you qualify, you must enroll in a plan in the Silver category to get the extra savings. Refer to glossary for more details.
Some people receiving premium tax credits to help pay their premiums for ACA marketplace plans also are eligible to receive cost-sharing reductions (CSR) to help them pay their cost-sharing charges. (For more information about the premium tax credit, see Key Facts: Premium Tax Credits.)
The Affordable Care Act introduced cost-sharing reductions (CSR) as a means of keeping health care costs (as opposed to just insurance premiums) affordable for people with modest incomes. The American Rescue Plan (ARP) made significant changes to how premium subsidy eligibility and amounts are determined , but didn’t change the rules ...
Cost Sharing Reduction is a discount that lowers the amount you have to pay for deductibles, copayments, and coinsurance. In the Health Insurance Marketplace, cost-sharing reductions are often called “extra savings.” If you qualify, you must enroll in a plan in the Silver category to get the extra savings.
Along with Premium Tax Credits, ObamaCare’s Cost Sharing Reduction subsidies lower what you pay for out-of-pocket costs like deductibles, copays, and coinsurance, making health insurance coverage more affordable and effective for those enrolled.