What type of financial assistance is available for individuals with incomes between 100% and 400% of the Federal Poverty Level?

Individuals with incomes between 100% and 400% of the Federal Poverty Level are eligible for Premium Tax Credits. These tax credits are designed to help make health insurance more affordable by lowering the monthly premium costs for qualifying individuals and families when they purchase insurance through the Health Insurance Marketplace. The amount of the credit varies based on the individual's income and the cost of coverage in their area, ensuring that those within this income bracket receive financial support to access necessary health services.

Cost Sharing Reductions are specifically targeted at those with incomes between 100% and 250% of the Federal Poverty Level, meaning they do not apply to the entire income range of 100% to 400%. The statement that no assistance is available for this income range is incorrect, as Premium Tax Credits explicitly exist for this purpose. Full subsidies would typically suggest complete coverage of costs, which does not align with the financial assistance framework for individuals within the specified income range; thus, Premium Tax Credits are the correct form of aid for this group.