What are Cost-Sharing Reductions?

Cost-sharing reductions (CSRs) are discounts that lower the amount you pay for deductibles, copayments, and coinsurance if you qualify based on income and choose a Silver plan through the Health Insurance Marketplace. These reductions are available to individuals and families with incomes between 100% and 250% of the federal poverty level, making healthcare services more affordable at the point of care.

Why cost-sharing reductions matter

• Lowers out-of-pocket costs: Reduces deductibles, copayments, and coinsurance for medical services
• Makes care more accessible: Helps low-income individuals afford necessary healthcare services
• Enhances Silver plan value: Transforms Silver plans into coverage comparable to Gold or Platinum levels

How Solace can help

A Solace advocate can help determine your eligibility for cost-sharing reductions, guide you through the application process, and ensure you select an appropriate Silver plan to maximize these benefits. Advocates can also assist with income verification and documentation requirements.