poor students get supplimented for healthcare purchase
- Thread starter evince
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I must correct myself!
https://www.healthcare.gov/glossary/advanced-premium-tax-credit/
The Affordable Care Act provides a new tax credit to help you afford health coverage purchased through the Marketplace. Advance payments of the tax credit can be used right away to lower your monthly premium costs. If you qualify, you may choose how much advance credit payments to apply to your premiums each month, up to a maximum amount. If the amount of advance credit payments you get for the year is less than the tax credit you're due, you'll get the difference as a refundable credit when you file your federal income tax return. If your advance payments for the year are more than the amount of your credit, you must repay the excess advance payments with your tax return. Also called premium tax credit.
https://www.healthcare.gov/glossary/advanced-premium-tax-credit/
The Affordable Care Act provides a new tax credit to help you afford health coverage purchased through the Marketplace. Advance payments of the tax credit can be used right away to lower your monthly premium costs. If you qualify, you may choose how much advance credit payments to apply to your premiums each month, up to a maximum amount. If the amount of advance credit payments you get for the year is less than the tax credit you're due, you'll get the difference as a refundable credit when you file your federal income tax return. If your advance payments for the year are more than the amount of your credit, you must repay the excess advance payments with your tax return. Also called premium tax credit.
Should I claim a premium tax credit in advance or at the end of the year or some of both?
That’s up to you. You can have 1/12 of your annual premium tax credit paid directly to your health plan each month to reduce your monthly premium right away. Or, if you can afford to, you can pay the entire health plan premium yourself up front and collect the premium tax credit in a lump sum next year when your file your tax return. Or you can have some of the tax credit paid directly to your insurer in advance but save some to be collected at year end.
Keep in mind that when you apply for the premium tax credit this fall, during Open Enrollment, you won’t necessarily know for sure what your 2014 income will be, so you will apply based on your best estimate of your 2014 income. Later, when you file your 2014 tax return, the IRS will compare your actual income to the amount of premium tax credit you claimed in advance. If you underestimated your income and claimed too much premium tax credit, you might have to pay back some or all of the difference. If you didn’t receive all of the premium tax credit you’re entitled to during the year, you can claim the difference when you file your tax return.
If you’re uncertain about your 2014 income, it’s also important to remember that you can modify the amount of premium tax credit during the year if your income changes. So, for example, if you are unemployed now, you can apply for a premium tax credit based on your current low income; then if you get a new job during the year, you can report this increase in income to the Marketplace and reduce the amount of premium tax credit you’re receiving at that time.
http://kff.org/health-reform/faq/he...nce-or-at-the-end-of-the-year-or-some-of-both
I hope people understand this. They could end up having to pay back their subsidies
That’s up to you. You can have 1/12 of your annual premium tax credit paid directly to your health plan each month to reduce your monthly premium right away. Or, if you can afford to, you can pay the entire health plan premium yourself up front and collect the premium tax credit in a lump sum next year when your file your tax return. Or you can have some of the tax credit paid directly to your insurer in advance but save some to be collected at year end.
Keep in mind that when you apply for the premium tax credit this fall, during Open Enrollment, you won’t necessarily know for sure what your 2014 income will be, so you will apply based on your best estimate of your 2014 income. Later, when you file your 2014 tax return, the IRS will compare your actual income to the amount of premium tax credit you claimed in advance. If you underestimated your income and claimed too much premium tax credit, you might have to pay back some or all of the difference. If you didn’t receive all of the premium tax credit you’re entitled to during the year, you can claim the difference when you file your tax return.
If you’re uncertain about your 2014 income, it’s also important to remember that you can modify the amount of premium tax credit during the year if your income changes. So, for example, if you are unemployed now, you can apply for a premium tax credit based on your current low income; then if you get a new job during the year, you can report this increase in income to the Marketplace and reduce the amount of premium tax credit you’re receiving at that time.
http://kff.org/health-reform/faq/he...nce-or-at-the-end-of-the-year-or-some-of-both
I hope people understand this. They could end up having to pay back their subsidies
evince
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Quote Originally Posted by The Dude View Post
You have a real tear jerker of a loser story why college was to hard for you!
But you want to rag on kids working not making the best grades.
I stomped bullies in school, so I do it here too.
How the fuck am I ragging on these kids? You need to work on your reading comprehension, retard
are you now upset they are going to be able to afford care?
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Quote Originally Posted by The Dude View Post
You have a real tear jerker of a loser story why college was to hard for you!
But you want to rag on kids working not making the best grades.
I stomped bullies in school, so I do it here too.
How the fuck am I ragging on these kids? You need to work on your reading comprehension, retard
are you now upset they are going to be able to afford care?
evince
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Quote Originally Posted by tinfoil View Post
How the fuck am I ragging on these kids? You need to work on your reading comprehension, retard
Use smaller words, he only has a business degree, from a lack luster school.
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Quote Originally Posted by Sigmund Freud View Post
The fields of mediocre chicken sandwiches shall be sowed with salt, so that nothing may ever grow there again.
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Quote Originally Posted by tinfoil View Post
How the fuck am I ragging on these kids? You need to work on your reading comprehension, retard
Use smaller words, he only has a business degree, from a lack luster school.
WATERMARK, GREATEST OF THE TRINITY, ON CHIK-FIL-A
Quote Originally Posted by Sigmund Freud View Post
The fields of mediocre chicken sandwiches shall be sowed with salt, so that nothing may ever grow there again.
www.gunsbeerfreedom.blogspot.com
www.gunsbeerfreedom.blogspot.com
WTF? How do you come to such a conclusion? I'm criticising the mandate, not the people it affects. You have such tunnel vision
You are strange.
evince
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people have called me that for years.
they called me that for the years leading into the economic CRASH that I correctly saw coming.
they said that when I wouldn't shut up about stolen elections that turned out to be completely court documented.
they said I wsas strange when I tried to get people to hear the evidence that we dropped white phosphorous in Falughia.
they said that when I told them they would GET ROBMONEY and would like it.
they said that when I told them the tea party would make it harder for the republican party to win elections.
people who are resistant to facts often name call in their resistance to facts
they called me that for the years leading into the economic CRASH that I correctly saw coming.
they said that when I wouldn't shut up about stolen elections that turned out to be completely court documented.
they said I wsas strange when I tried to get people to hear the evidence that we dropped white phosphorous in Falughia.
they said that when I told them they would GET ROBMONEY and would like it.
they said that when I told them the tea party would make it harder for the republican party to win elections.
people who are resistant to facts often name call in their resistance to facts