Premium Tax Credit In Ohio
The Premium Tax Credit is a federal refundable credit that reduces health insurance costs for eligible Ohio residents who enroll in a plan through HealthCare.gov. To qualify in 2025, filers generally need household income within the applicable federal poverty level range and must not have access to affordable coverage through an employer or a government program like Medicaid or Medicare.
Ohio expanded Medicaid, which means many lower-income residents are covered outside the marketplace. The credit is most impactful for Ohio residents with moderate incomes, including self-employed individuals, gig workers, and those working for small employers that do not offer health benefits. Ohio has a notable manufacturing and service workforce, and workers in those sectors who lack employer coverage are common candidates for this credit.
Ohio filers who received advance Premium Tax Credit payments during the year must file Form 8962 with their federal return to reconcile those payments. Ohio does not have a state-level equivalent of this credit. Tracking income carefully throughout the year and updating marketplace enrollment information when circumstances change helps ensure the credit is accurate and avoids repayment surprises.