turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

rtessler
New Member

Medical Insurance and Freelancing

I recently had surgery and I'm covered by my insurance from the ACA. However, my current premium is based on last year's income. I am going to earn more this year and I want to know if I'll owe money in the future on any medical bills.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
AmitaR
Employee Tax & Finance Expert

Medical Insurance and Freelancing

If you have insurance then the out of pocket expenses on your medical bills are your Deductible and Co-Pay.  

The amount of Deductible and Co-pay depends on the type of Insurance Policy you choose and the premium is based on the policy you choose and the Insurance from ACA will base their premium on the your Income from Prior Year Tax Return.  You will receive a Form 1099-A from the Market Place to reconcile with your taxes. 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question