Question about marketplace tax credit

I recently lost my job that had great health benefits. The job I currently have does not offer health benefits. I applied on marketplace and was approved. I am looking at the plans and it has the monthly payment and then it says including a $424.00 tax credit. What is the tax credit? Is this something that I have to pay back when I file my taxes? I have two kids but they are on peach state. So marketplace will only be for me. I am in Georgia if that matters. Thanks for any help. I have never done this before and I know nothing about it nor do I know anything about insurance.

submitted by /u/ericamarieee
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I recently lost my job that had great health benefits. The job I currently have does not offer health benefits. I applied on marketplace and was approved. I am looking at the plans and it has the monthly payment and then it says including a $424.00 tax credit. What is the tax credit? Is this something that I have to pay back when I file my taxes? I have two kids but they are on peach state. So marketplace will only be for me. I am in Georgia if that matters. Thanks for any help. I have never done this before and I know nothing about it nor do I know anything about insurance.
submitted by /u/ericamarieee [link] [comments]Read Morer/HealthInsurance

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