No, unfortunately this is how the law
was written where your total annual household income is used to determine the Premium
Tax Credit (PTC). It is not just based on your income during the time you had Obamacare. Also, it is not enough to just cancel cancel the insurance, you must still report the change to recalculate the PTC. This change is now being accounted for on your tax return, and thus the penalty. Please see the following link for more info. https://www.healthcare.gov/reporting-changes/why-report-changes/
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