Frequently-asked questions by tag
How does the IRS calculate premium tax credits for self-employed people when their AGI depends on their health insurance premium amount?
February 12, 2024 – For self-employed Americans, premium amounts affect modified adjusted gross income, which in turn affects premium amounts. But the IRS has…
What is the Medicaid ‘coverage gap’ and who does it affect?
December 21, 2023 – According to Kaiser Family Foundation data, there are about 1.9 million people in the coverage gap across nine states (this does not…
I earn just $22,000 a year. How can I afford the out-of-pocket costs of health insurance?
March 2, 2023 – It’s true that deductibles and out-of-pocket maximums on Bronze plans are quite high. For 2023, the maximum out-of-pocket (OOP) allowed…
We claim our son, but not our daughter, on our taxes. How are premium subsidies calculated for families like ours?
December 5, 2022 – Subsidy eligibility is based on modified adjusted gross income (MAGI). For your family, your MAGI will include income for yourself and your…
If I get an Obamacare subsidy in the exchange, is the subsidy amount considered income?
July 26, 2021 – ACA health insurance subsidies (both premium assistance tax credits and cost-sharing reductions) are not considered income and are not…