Would I have to pay back premium tax credit if income is lower?

news

I just realized this while signing up for 2021’s marketplace insurance and am freaking out. I had marketplace insurance for this year and got premium tax credit. I didn’t really work this year to make the minimum poverty line income to qualify for premium tax credit. So does this mean I technically lost premium tax credit and will have to pay it back next year? I’m so worried because it’s a substantial amount and I don’t have the income right now to pay that.

submitted by /u/pizzareeya
[link] [comments]
I just realized this while signing up for 2021’s marketplace insurance and am freaking out. I had marketplace insurance for this year and got premium tax credit. I didn’t really work this year to make the minimum poverty line income to qualify for premium tax credit. So does this mean I technically lost premium tax credit and will have to pay it back next year? I’m so worried because it’s a substantial amount and I don’t have the income right now to pay that.
submitted by /u/pizzareeya [link] [comments]Read Morer/HealthInsurance

Leave a Reply

Your email address will not be published. Required fields are marked *