My girlfriend (26) was telling me earlier about an issue she had with enrollment this year because of her specific situation. She had an income in 2020 because she was working while she went to school, but it became too much when COVID hit so she left her job to focus on finishing her certificate program. Because she had an income, she was able to get a tax credit to help her pay for her monthly premium.
Anyway, now she doesn’t have an income because she technically hasn’t even graduated until the 17th. She was told by support that she had to input 0 as her income which means she will have to buy into a plan at full price without any aid.
I was a little confused about this because it was my understanding that the tax credit was to be based off of what you expected to make in the coming year and then would be adjusted and settled up depending on how much you DO end up making that year. When estimating your income, the website says things like “Account for any expected changes in employment” and “Look into average incomes in your field.” She plans on starting work as soon as she can get hired but I wasn’t sure if that meant anything because she doesn’t have a job specifically set up. I’m far from an expert on this so that could be very wrong.
Anyway, it’s quite pricey for her to buy into a plan without the credit that she was receiving toward her premium last year. Was wondering if anyone had any insight as to how she might be able to qualify for any assistance or if she’s just going to have to pay out of pocket until she has an income.
Thanks in advance! Please go easy on me…very unfamiliar with most of this stuff haha
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My girlfriend (26) was telling me earlier about an issue she had with enrollment this year because of her specific situation. She had an income in 2020 because she was working while she went to school, but it became too much when COVID hit so she left her job to focus on finishing her certificate program. Because she had an income, she was able to get a tax credit to help her pay for her monthly premium. Anyway, now she doesn’t have an income because she technically hasn’t even graduated until the 17th. She was told by support that she had to input 0 as her income which means she will have to buy into a plan at full price without any aid. I was a little confused about this because it was my understanding that the tax credit was to be based off of what you expected to make in the coming year and then would be adjusted and settled up depending on how much you DO end up making that year. When estimating your income, the website says things like “Account for any expected changes in employment” and “Look into average incomes in your field.” She plans on starting work as soon as she can get hired but I wasn’t sure if that meant anything because she doesn’t have a job specifically set up. I’m far from an expert on this so that could be very wrong. Anyway, it’s quite pricey for her to buy into a plan without the credit that she was receiving toward her premium last year. Was wondering if anyone had any insight as to how she might be able to qualify for any assistance or if she’s just going to have to pay out of pocket until she has an income. Thanks in advance! Please go easy on me…very unfamiliar with most of this stuff haha
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