Healthcare Marketplace and Premium Tax Credit

I’m trying to help a family member who is currently 63 purchase health insurance. They are not employed, and recently lost their spouse. They do not have health insurance options through their late spouse’s previous employer, so there no extended coverage options. They must buy their own health insurance, and I assume the Healthcare Marketplace is the best place to start.

I did a search on the Healthcare Marketplace for our state (Georgia) and found that it would cost them $789/mo. They are eligible for a premium tax credit of $981 per month based on their income level. Does this mean that they could effectively get the insurance for free? If so, what are the rules around obtaining the health insurance and the premium tax credit in their situation?

submitted by /u/bancroftcarolina
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I’m trying to help a family member who is currently 63 purchase health insurance. They are not employed, and recently lost their spouse. They do not have health insurance options through their late spouse’s previous employer, so there no extended coverage options. They must buy their own health insurance, and I assume the Healthcare Marketplace is the best place to start. ​ I did a search on the Healthcare Marketplace for our state (Georgia) and found that it would cost them $789/mo. They are eligible for a premium tax credit of $981 per month based on their income level. Does this mean that they could effectively get the insurance for free? If so, what are the rules around obtaining the health insurance and the premium tax credit in their situation?
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