Which of the following statements is true about premium tax credits?

Premium tax credits are designed to assist individuals and families in lowering the cost of health insurance premiums for qualifying health plans (QHPs) purchased through the health insurance marketplace. This financial support is particularly valuable for those with lower to moderate incomes, as it enables them to afford essential health coverage. The credits are based on income and family size and are intended to make health insurance more accessible.

The other statements do not accurately reflect the nature of premium tax credits. While premium tax credits help eligible individuals and families, they aren't available to everyone regardless of income. They specifically assist qualified individuals, typically those within a certain income range. Additionally, while they provide financial assistance, premium tax credits are not exclusively for individuals, as eligible families can also benefit. Lastly, premium tax credits are not mandatory for every QHP enrollment but are available based on individual eligibility criteria.