What is the primary purpose of the APTC?

The primary purpose of the Advanced Premium Tax Credit (APTC) is to assist with premium costs for health insurance purchased through the Marketplace. This financial assistance is specifically designed to lower the monthly premium payments for eligible individuals and families based on their income, household size, and the cost of coverage in their area. The APTC makes health insurance more affordable and accessible, thereby encouraging higher enrollment in health plans.

While tax benefits, coverage for medical expenses, and improved health outcomes are important aspects of the overall health insurance system, they are not the primary role of the APTC itself. The tax credits serve as a financial mechanism that directly impacts the affordability of premiums, which is crucial in helping individuals and families maintain continuous health coverage.