As a "What if I lost my job?" budgeting exercise, I went to https://www.healthcare.gov/apply-and-enroll/health-insurance-plans-estimator-overview/ and punched in the numbers for me and my children with the assumption that I lost my job in the middle of the year.
The site says that my "Estimated premium tax credit" is "$999 per month", while the monthly premiums are anywhere from $123 to $1908.
If I chose a plan with a $500 premium, seemingly the government would (on my tax return) pay me $499/month * 12 months = $5,988 (presumably for the purpose of paying for deductibles, etc) making the cost essentially free.
Am I reading this correctly, or fundamentally misunderstanding it?