Question: Can an insurance exchange subsidy be used for a bronze plan instead of a silver plan?

Answer: Yes. You can apply your subsidy (tax credit) to a Bronze Level Plan and reduce your premium contribution even more. Let’s take the example of a single 45 year old making $22,000 per year. Your tax credit would be $421 per month. This is a fixed amount as a percentage of your income. By using it to pay towards a Bronze Level Premium, you could possible end up with no contribution at all. But remember, the average person will have 10% more in out-of-pocket expenses that you would have had with the Silver Level Plan.