What is the Federal Tax Credit used for in the context of GCI?

The Federal Tax Credit plays a crucial role in making health insurance more accessible and affordable for low to moderate-income individuals under the Get Covered Illinois (GCI) initiative. This tax credit is designed specifically to lower the out-of-pocket cost of monthly health insurance premiums, enabling individuals and families to obtain coverage that they might otherwise find financially out of reach.

By reducing these premiums, the Federal Tax Credit helps to ensure that more people can gain access to necessary health services, promote preventive care, and mitigate the financial burden associated with healthcare costs. This can lead to improved overall health outcomes for those who benefit from the credit, allowing them to seek medical attention without the fear of high costs.