04/19/2023
Have you been required to reimburse the government for your health insurance premiums during the current tax season?
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The Marketplace, which operates under the Affordable Care Act (ACA) or Obamacare, assesses your entitlement to subsidies by considering your household's projected gross income for the forthcoming year. As a business owner, it can be difficult to predict your annual income until it is time to file your taxes.
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Although you can provide an estimate of your income for the next year, if it turns out to be more than what you reported to your agent, you could be liable to reimburse the government for the additional premiums.
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If you find yourself in this challenging situation, don't hesitate to contact me. I have access to policies that provide complete insurance coverage without requiring your income details.