In the chart, it showed if your income is less than 200% fpl (one in household) you would need to pay back up to 300 dollars in advanced tax credits. Do you think this is close to 100% accurate and was it based on information in the obamacare act itself. I am keeping all your contact info. in my ins. folder for future use, when needing to find a quality affordable plan. I am self employed currently on my farm (ag industry is a high expense industry as a whole) and have a catastrophic only coverage plan (6000 + deductible).
We are very confident that these are the repayment limits for 2014. Moving forward they are of course subject to some amount of change.
|Income % of FPL||Filing Status:
|Less than 200% FPL||$300||$600|
|At least 200% FPL
but less than 300%
|At least 300% FPL
but less than 400%
|If your year end income exceeds 400% FPL, you will have to return the total amount of Advances Premium Tax Credits you received.If you make too little to qualify for subsidies (less 100% FPL), then you owe NOTHING.That being said, if you know you are going to price out of cost assistance, make sure to update your Marketplace account. You may become eligible for a free or low-cost Medicaid plan if your state expanded Medicaid.|