User Avatar

By Ryan Kennelly

May 17, 2019

Topics:

  • Individual & Family Health Insurance
BACK TO BLOG

If my estimated income next year will be 140% above the federal poverty level but my annual income is lower and would’ve qualified for Medicaid, will I have to pay back the subsidy?

May 17, 2019

  • Individual & Family Health Insurance

No, your final premium credit amount will be determined based on your income for the year as reported on your tax return. The fact that it ended up being 130% of the poverty line does not mean you have to pay back the premium tax credit you received. In fact, your final credit amount will likely be larger than the amount you received in advance.

Want to Join Independent
Health Agents?

We’d be happy to have your join our team of independent agents.

JOIN NOW