Georgia Navigator Practice Exam

What must an individual do to apply their APTC properly?

1. File for state health benefits

2. Reassess health insurance needs annually

3. Choose how much to apply to their monthly insurance premium

4. Seek employment for additional income

The correct answer is: Choose how much to apply to their monthly insurance premium

To apply Advanced Premium Tax Credits (APTC) properly, an individual must determine the amount of the tax credit they wish to apply to their monthly insurance premium. APTC is designed to help eligible individuals and families afford health insurance coverage through the Health Insurance Marketplace. The amount eligible for APTC is based on factors such as income, household size, and the cost of coverage in their area. By choosing how much of the APTC to apply, individuals can effectively lower their monthly premiums and make healthcare coverage more affordable. This decision is typically made during the application process and can significantly affect the overall cost of health insurance. The other potential actions mentioned do not have a direct impact on the application of APTC. Filing for state health benefits relates to different forms of assistance or coverage and doesn't involve the Health Insurance Marketplace directly. Reassessing health insurance needs annually is important, but it does not pertain to the immediate act of applying APTC. Seeking employment for additional income may help with the eligibility for APTC but does not directly contribute to how one applies it.