IRS suspends requirement to repay excess advance payments of the 2020 premium tax credit

The premium tax credit helps pay for health insurance coverage bought from the Health Insurance Marketplace. Eligible people can choose to have all, some, or none of the estimated credit paid in advance directly to their insurance company on their behalf. These payments – which […]

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Getting Advance Payments of the Premium Tax Credit?

Getting Advance Payments of the Premium Tax Credit? Remember to Report Changes in Circumstances If you purchased 2016 health care coverage through the Health Insurance Marketplace, you may have chosen to have advance payments of the premium tax credit paid to your  insurance company to […]

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What is this Form 1095?

Remember that pesky question, “Did you have health insurance last year?”  If you were enrolled in health coverage for 2015, you may receive a Form 1095-A, 1095-B, or 1095-C, which will answer that question for you.  In addition, if you were an employee of an employer […]

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Answers to Four of Your Questions about the Premium Tax Credit

The premium tax credit is a refundable credit that helps eligible individuals and families with low or moderate income afford health insurance purchased through a Health Insurance Marketplace. To get this credit, you must meet certain eligibility requirements and file a tax return. Here are […]

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