Why is my tax credit $0?

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This is what my qualification letter says:

“You are eligible for a premium tax credit equal to $0. This is because the amount you are expected to contribute to health coverage is more than the cost of the benchmark plan in your area.”

I don’t understand this. I make well within 400% of the FPL so why is my tax credit $0? If the amount I’m expected to pay is more than the “benchmark plan” wouldn’t I qualify for a tax credit? What even is the benchmark plan? I’m just super confused why I don’t qualify for a tax credit, it doesn’t seem to have anything to do with income since I should qualify based on income.

submitted by /u/ilexlin
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This is what my qualification letter says: “You are eligible for a premium tax credit equal to $0. This is because the amount you are expected to contribute to health coverage is more than the cost of the benchmark plan in your area.” I don’t understand this. I make well within 400% of the FPL so why is my tax credit $0? If the amount I’m expected to pay is more than the “benchmark plan” wouldn’t I qualify for a tax credit? What even is the benchmark plan? I’m just super confused why I don’t qualify for a tax credit, it doesn’t seem to have anything to do with income since I should qualify based on income.
submitted by /u/ilexlin [link] [comments]Read Morer/HealthInsurance

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