A subsidy is a government credit towards your premiums based on your age, household size and income. The subsidy is applied automatically to your monthly premium, making what you pay per month more affordable. Subsidies can also trigger you to be eligible for Cost Sharing Reduction, this makes deductibles and copayments for doctors lower on silver plans.

Head over to HealthSherpa.com and enter your zip code to find out if you’re eligible for a subsidy.