What benefit is available only when coverage is purchased through the health insurance exchange?

• A. Automatic renewals
• B. Access to premium tax credits and reduced cost sharing
• C. Waiver of deductible
• D. Additional life insurance coverage

Answer: (B)

Affordability assistance is the feature that comes with buying through the health insurance exchange. When you enroll via the exchange, you may qualify for premium tax credits that lower your monthly plan premium, and cost-sharing reductions that reduce out-of-pocket costs like deductibles, copayments, and coinsurance. These subsidies are designed to help people with lower-to-moderate income afford coverage and are only available when you purchase a plan through the marketplace. Other benefits listed—automatic renewals, waivers of deductibles, or additional life insurance coverage—are not exclusive to or defined by buying through the exchange.