Amanda White
CFP, 5-Year Full-Time Freelancer
Premium Tax Credit
In This Article
Definition
ACA subsidy reducing health insurance premiums for those with income between 100-400% of federal poverty level.
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FAQs
Do gig workers qualify for premium subsidies?
Yes, based on projected annual income - lower income means larger subsidies.
Similar Terms
Gig Insurance
Insurance coverage for gig work activities, filling gaps in personal auto or liability policies.
Rideshare Insurance
Auto insurance endorsement or policy covering rideshare driving, filling gap between personal and platform insurance.
Liability Insurance
Insurance covering damages or injuries to others, important for service-based gig work.
Deductible
Amount you pay out-of-pocket before insurance coverage begins. Higher deductibles mean lower premiums but more cost when using insurance.
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Important Disclaimer: This content is for informational purposes only and should not be considered tax, legal, or financial advice. Consult a qualified professional (CPA, tax attorney, or financial advisor) for advice specific to your situation.