My income turned out to be much lower than expected for last year and wouldn’t be eligible for subsidies. Will now have to apply for Medicaid. For the months of Jan, Feb, March of 2015 still getting subsidies. Will I have to return them and lose my insurance, then apply for Medicaid ?


Answer

Generally you can only owe back tax credits if you gain income, not if you lose income. So if you go from Marketplace to Medicaid and claim under 100% of the Federal Poverty level you'll owe back nothing.

Learn more about repayment limits here.

Rate and Comment on the Answer

Your email address will not be published.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

1 2 3 4 5

This site uses Akismet to reduce spam. Learn how your comment data is processed.