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Level 2
June 6, 2019
Question

Affordable Care Act

  • June 6, 2019
  • 5 replies
  • 6 views

My question is about the affordable care act and income limits.  I was on an ACA health plan with a subsidy for all of 2016.  My income would normally be the 20420 necessary to qualify for this plan.  This year I had to take 6 weeks off because I had a baby.  I did not get paid for this time.  Because of this my income is below the 20420.  Nebraska does not have expanded medicaid.  How will this affect my taxes?  Will I have to pay my subsidy back?

    5 replies

    Critter
    Level 15
    June 6, 2019

    You do not need to pay it back and you may even qualify for more of the credit. 

    dhauschelAuthor
    Level 2
    June 6, 2019
    Are you sure? If you don't make the required income, 20420 in my daughters case, you don't get a subsidy on a new application.  Her lower income is an after application/acceptance anomaly