Cost‑Sharing Reductions (CSRs) are savings that can lower what you pay out of pocket for health care – things like deductibles, copays, and coinsurance. If you qualify and enroll in an eligible Silver plan, CSRs can make care more affordable when you need it.
Priority Health checks whether you qualify and helps you enroll in a plan that includes these savings.
Good to know: CSRs are different from Premium Tax Credits (PTCs).
- PTCs help lower your monthly premium
- CSRs lower your costs when you use care
What are Cost‑Sharing Reductions (CSRs)?
Cost‑Sharing Reductions are a savings benefit that lowers your out‑of‑pocket costs for covered services if you qualify. With CSRs, your plan may include:
- A lower deductible
- Lower copays
- Lower coinsurance
- A lower out‑of‑pocket maximum (the most you’d pay in a year for covered services)
CSRs don’t change your monthly premium directly; they change what you pay when you use your benefits.
How CSRs work
Think of CSRs as a “boost” to your Silver plan’s cost‑sharing:
- You apply for coverage through Priority Health or the Marketplace during Open Enrollment or, if you qualify, a Special Enrollment Period.
- Eligibility for Cost‑Sharing Reduction (CSR) savings is determined during the application process based on household and income information provided.
- If you qualify and choose an eligible Silver plan, your plan is designed so you pay less out of pocket when you receive care.
CSRs and Silver plans
Cost‑Sharing Reductions are available with eligible Silver health plans.
If you qualify for CSRs and choose a Silver plan:
- Your deductible may be lower
- Copays and coinsurance may be reduced
- Your out‑of‑pocket maximum may be lower than a standard Silver plan
If you don’t enroll in a Silver plan, these specific CSR savings typically don’t apply – even if you qualify.
CSRs vs. Premium Tax Credits (PTCs)
CSRs and PTCs are often mentioned together, but they do different things.