1095-A — Higher income than expected and private health insurance

[jbvandyke]

I had Obamacare until May and then got a higher paying job that offered health insurance.

Entering my 1095-A caused my refund to dissolve completely. Is this how the 1095-A works?

During the time that I had Obamacare my income was low and thus the credit given to me was valid. Then I got a higher paying job. Does the 1095-A look at my total earned income and nothing else? This seems odd.

Thanks for anything you've got!

[JulieS · Accepted solution]

Yes, unfortunately, that is the way it works. If you make too much money to claim a Premium Tax Credit, you have to pay back the amount that was advanced to pay for your insurance. 

Your entire annual income is used to determine whether you qualify for the credit. This causes some unfair results such as what has happened to you.