TaxGuyBill
Level 15

@qbteachmt wrote:

The qualification for the subsidy is based on the table for poverty levels and on the income computation. The Rebate is not used to compute against the Premium; they are not part of that computation for the year

 


 

Not entirely true.  As I mentioned above, besides income/poverty percentage, the Premium Tax Credit is based on the Second Lowest Cost Silver Plan (SLCSP). 

BUT when the credit ends up being higher than the actual premiums paid, the credit is limited to the amount of premiums paid.  So the amount of premiums CAN be part of the computation.  It is those situations where "guidance" should be issued from the IRS.