Report Changes in Circumstances that May
Affect Your Premium Tax Credit
If you enrolled in health care insurance
coverage through the Health Insurance Marketplace , you
are required to report changes to
the Marketplace when they occur. This includes changes to your household income or family size, because these amounts may affect your
eligibility for advance payments of the premium tax credit that is utilized to
reduce your monthly health insurance premiums costs.
There is still time left this year to
report changes.
Reporting changes will help you avoid getting too much or too little advance payment
of the premium tax credit. The result of getting too much premium tax
credit is that you may owe additional taxes when your income tax returns are
filed or you may qualify for less federal refund. The result of getting too little premium tax
credit is that you may be missing out on valuable health care insurance premium
assistance that reduces monthly premiums you personally pay. Therefore, it is important that you
report changes in circumstances that may have occurred since you initially
signed up for your health care insurance plan.
Here are some common changes that
require immediate reporting:
Any increase or decrease in your income
Marriage or divorce
The birth or adoption of a child
Starting a job that provides health insurance benefits for their employees
Gaining or losing your eligibility for other health care coverage
Changing your residence
Marriage or divorce
The birth or adoption of a child
Starting a job that provides health insurance benefits for their employees
Gaining or losing your eligibility for other health care coverage
Changing your residence
For the full list of changes you should
report, visit
To find out more about the premium tax credit and other tax-related information about
the health care law, visit IRS.gov/aca.
The Internal Revenue Service has videos
explaining the premium tax credit available on the
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