August 15, 2020 – Q. I saw that the percentage of income I have to pay for my health insurance will be higher for 2021, after decreasing for 2020. Is the… Read more
How does my access to employer-sponsored coverage impact my eligibility for subsidized coverage through the exchanges?
June 3, 2020 – A. You're correct that your household income is within the subsidy eligibility range. However, subsidy eligibility is also determined by… Read more
December 30, 2019 – If recipients end up earning more than anticipated, they could have to pay back some of the subsidy. This can catch people off guard,… Read more
September 12, 2019 – Although there is no longer a federal tax penalty for being uninsured, some states have created their own penalties with enforcement… Read more
January 19, 2019 – Q. Is the Obamacare individual mandate just based on the honor system? A: In some ways, yes. But although the individual mandate penalty… Read more
If I decline my employer-sponsored plan and try to get a subsidized exchange plan, will the IRS know?
December 17, 2018 – Q. If I decline by employer-sponsored health plan and apply through the exchange instead - and try to get a premium subsidy - would the… Read more
If I owe income tax and the ACA penalty but don’t plan to pay the ACA penalty, will the IRS apply my payment to my penalty or to my income tax?
January 12, 2018 – Q. If I owe income tax and the ACA penalty but don’t plan to pay the ACA penalty, will the IRS apply my payment to my penalty or to my… Read more