Califorinia does not conform to some of federal provisions. If you're household income was over the poverty line during the time you're covered through Health Insurance Marketplace, you may have to pay back the advance premium credit received.
The Premium Tax Credit is a refundable credit for individuals who purchased health insurance coverage through Health Insurance Marketplace. You must qualify to get the credit:
- Must have household income below the federal poverty line.
- Can't file Married Fililing Separately except for victim of domestic abuse.
- Can't be claimed as a dependent.
- You and family must have health insurance coverage through Health Insurance Marketplace.
- Not eligible for coverage through Medicare, Medicaid, Tricare, and other government program.
- Pay the share of premium not covered by advance premium tax credit..
