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Client with employer health insurance, marketplace July to October, Medicare after that. She's got an excess premium repayment of premium advance. Is this right?

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Level 15

NOW that we have more info, yes there can be APTC payback.

If your client was subsidized (that is what the marketplace is all about) AND her income pushed her over that 401% cliff, then part or all of the subsidy may have to be paid back.

Consider an IRA or HSA (if qualified) to try to get off the edge of the cliff.

Former Chump... umm.... AllStar.
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Level 15

NOW that we have more info, yes there can be APTC payback.

If your client was subsidized (that is what the marketplace is all about) AND her income pushed her over that 401% cliff, then part or all of the subsidy may have to be paid back.

Consider an IRA or HSA (if qualified) to try to get off the edge of the cliff.

Former Chump... umm.... AllStar.
If a post answers your question, click on *Accept as solution* for future searches

View solution in original post

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Level 1
Oh boy. That's not what I wanted to hear. Thanks.
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Level 15
My biggest 'payback' this year was just shy of $ 23,000.
Former Chump... umm.... AllStar.
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gulp
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I just called her. She knew it was coming.
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Level 15

Explain "employer" heath insurance and marketplace.  Those don't usually "go together".

Former Chump... umm.... AllStar.
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Employer-provided health care
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Level 15
I understand that...but if the employer provided insurance WHY was the marketplace involved?
Former Chump... umm.... AllStar.
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BTHOM. (beats the hell outta me)
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Level 15

Or do you mean your client was on employer health insurance until end of June?  If you don't know, wouldn't this be a question for your client than this forum?

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Still an AllStar
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I know that she was. I have the 1095B.
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I also have a 1095A for July to October and a C for Nov/Dec
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Level 15
But you didn't say that in your response to Anna.
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Still an AllStar
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Sorry, I'm juggling a lot of balls like all of you.
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Level 15
"the marketplace" made me suspect, but to be honest, I've given up mind-reading for Lent. This job is hard enough as it is.....
Former Chump... umm.... AllStar.
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@joanne
Our answers can only be as good as the question/info provided.
Yes, we are ALL juggling right now.
Former Chump... umm.... AllStar.
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of course. With the limited number of characters it's hard
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to provide complete and accurate info
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Level 15
There is NO LIMIT to the question area.  Only to the header.
Feel free to duplicate War & Peace.
Former Chump... umm.... AllStar.
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LOL
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