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

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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
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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

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