Wells Fargo Benefits. 1  Health Insurance. Health Insurance (647 comments) âThe best thing about the health coverage was that it was consistent and started on the first day you started workingâ. 2  401K Plan. 401K Plan (556 comments) âyou are able to get loans from 401k at 6% interestâ. 3  Vacation & Paid Time Off.
The premium tax credit is a government subsidy to help make health insurance premiums more affordable for middle and low-income people. The subsidy is only available to people with modified adjusted gross incomes from 100 to 400 percent of federal poverty level.
DEFINITION of 'Advanced Premium Tax Credit'. A type of federal subsidy that reduces the amount individuals pay for their monthly health insurance premiums.Advanced Premium Tax Credits are a provision in the Patient Protection and Affordable Care Act, signed into law on March 23, 2010 by President Barack Obama.f eligible, the tax credit amount a person receives depends on his/her income; you will pay more for the monthly premium if your income falls near the top of the range, and less if your income is closer to the bottom.