A tax credit you can take in advance to lower your monthly health insurance payment (or premium). Your tax credit is based on the income estimate and household information you put on your Nevada Health Link application.
If your estimated income falls between 100% and 400% of the federal poverty level for your household size, you qualify for a premium tax credit.
You can use all, some, or none of your premium tax credit in advance to lower your monthly premium.
- If you use more advance payments of the tax credit than you qualify for based on your final yearly income, you must repay the difference when you file your federal income tax return.
- If you use less premium tax credit than you qualify for, you'll get the difference as a refundable credit when you file your taxes.
You can buy health insurance through other sources, but the only way to get a premium tax credit is through Nevada Health Link.