Georgia Navigator Practice Exam

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What is the Advance Premium Tax Credit (APTC) intended for?

  1. To lower the cost of long-term care insurance

  2. To assist individuals in purchasing health insurance through the Marketplace

  3. To provide a tax benefit for employers

  4. To cover costs for uninsured individuals

The correct answer is: To assist individuals in purchasing health insurance through the Marketplace

The Advance Premium Tax Credit (APTC) is specifically designed to assist individuals and families in purchasing health insurance through the Health Insurance Marketplace. This credit aims to make health insurance more affordable by reducing the premium costs based on an individual's or family's income and the size of their household. By lowering the monthly premium payments, the APTC increases access to health insurance for those who might otherwise struggle to afford it. This credit is particularly important as it helps bridge the gap for people who earn too much to qualify for Medicaid but still find the costs of health insurance prohibitively expensive. Therefore, the function of the APTC directly aligns with the goal of making healthcare coverage accessible and affordable through the Marketplace.

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