Subsidized Health Insurance and Premium Tax Credit?

  • by AleiaTheEnchanted
  • Dec 06,2017
  • 4 answers

Subsidized Health Insurance and Premium Tax Credit?


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Insurance Answers (4)

A Hunch 7 days ago

Your question does not make any sense.
If he elects to use the tax credit to pay for the insurance = he will not have to pay the monthly premium.
If he decides to pay for this insurance, when he files his tax return, he will get a tax refund for this amount.
If he is sure his income won't fluctuate during the year, changing the subsidy, he would use the money now.

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Zarnev 7 days ago

If the premium is $982.94 and if he gets a tax credit of $1267 he's probably best off using all of the credit now. Most likely his income won't increase so much that his tax credit would fall below the premium. He does not get to pocket the difference between the tax credit and the premium.

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Flower 7 days ago

There are several bills with that number in Congress. Dont know which you mean. A tax credit is money credited to you on your tax return. Question is not clear.

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Eva 7 days ago

He can only use $982.94 of his available tax credit. The excess credit is not refundable.

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