Premium tax credit (Advanced Premium Tax Credit – APTC)

Premium tax credit (Advanced Premium Tax Credit – APTC)

A premium tax credit is money that the federal government pays directly to your insurance company every month so that you have lower monthly premiums. If you qualify for premium tax credits, you may be able to use some of the tax credit towards the purchase of dental insurance as well.

Your tax credit is based on the income you and the people in your tax household expect to have during the year.

Last Update: November 3, 2016  

May 12, 2015    Glossary  
Tuesday, May 12th, 2015|