Avoid a Premium Tax Credit bill at the end of 2014
For the millions who now use the Healthcare Marketplace to purchase their health insurance, it is important to keep your information with them up to date. Not only does this help ensure you have the proper health insurance coverage, but it also ensures your healthcare Premium Tax Credit is properly applied.
Per the IRS, here is a list of changes in circumstance that can impact the value of your Premium Tax Credit amount: | |
getting married, | |
the birth or adoption of a child, | |
divorce, | |
getting a new job, | |
losing a job, | |
moving, | |
changes in eligibility for employer or government sponsored health care coverage, | |
ANYTHING that impacts family size or composition, | |
ANYTHING that impacts your family income. |