This question is about average cost of employer sponsored health insurance.

Can I get a premium tax credit if my employer offers insurance?

By Zippia Team - Jun. 29, 2022

No, you cannot get a premium tax credit if your employer offers insurance in most circumstances. However, if the employer-sponsored coverage is too expensive or does not meet the minimum value standard, you may be eligible for a premium tax credit.

"Too expensive" is defined as more than 9.83% of an individual's household income and not meeting the "minimum value standard" means that the plan won't cover at least 60% of the total cost of benefits that you expect to incur.

If at least one of these things is true, you may qualify for a premium tax credit even if you are offered health insurance through your job. Speak to a certified accountant to learn more.

Can I get a premium tax credit if my employer offers insurance?

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