Question

The premium tax credit is a credit that helps pay the cost of health care coverage through the health insurance marketplace. All the following are true, except:

A) It helps lower-income individuals afford health insurance.
B) It's only available to those with employer-sponsored insurance.
C) It's based on income and family size.
D) It's intended to make health insurance more affordable.

Answer 1

The premium tax credit is a credit that helps lower-income individuals afford health insurance. It is based on income and family size and intended to make health insurance more affordable. It is available to individuals who purchase health insurance through the health insurance marketplace, regardless of whether they have employer-sponsored insurance or not.

Step-by-step explanation:

The premium tax credit is a credit that helps pay the cost of health care coverage through the health insurance marketplace. It is based on income and family size and is intended to make health insurance more affordable for lower-income individuals. However, it is not only available to those with employer-sponsored insurance. It is available to individuals who purchase health insurance through the health insurance marketplace, regardless of whether they have employer-sponsored insurance or not.