I was using ACA for healthcare coverage from Jan through April. I turned 65 in May and went on Medicare. I also started taking Social Security in May. Even though I wasnt covered by the ACA from May onward, my income for the ENTIRE YEAR was used in the calculation. Is this correct? Did I miss something in the Turbo Tax software? Coverage ended at the same time the income increased. Doesnt seem right to be penalied for periods of low income after the fact.
Thanks in advance.
