My husband receives SSDI. I am unemployed and we purchased insurance thru the marketplace. My husband will be receiving a inheritance from his parent passing. Will this exclude us from receiving the monthly assistance for our healthcare? We only pay about 158.00 for our healthcare.


Answer

In general, inheritance does not affect Premium Tax Credits or Cost Sharing Reduction assistance because inheritance is not taxable on the federal level and not considered income for federal tax purposes. With that said, since earnings on inheritance can be taxable, it makes sense to consider the size of the inheritance and what you do with it (a large enough inheritance could generate enough taxable income in a year to affect tax credits for example).

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