covered calif/medicare

Forum|Forum|1 year ago
February 28, 2025
1 reply
2 views

I was on Covered California in the first quarter and qualified for aid. After discontinuing Covered California and going on Medicare, my income went up, and Turbo tax is saying I have to pay back all that I received from Covered California. Isn't there a form to show what my quarterly income was?

BillM223

Level 15

Did your income go up, or your income tax go up?

Next question, did you go on SS in the second quarter, so your income did increase?

There are some less than obvious questions about calculating the PTC for part of a year.

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

tmainzAuthor

Level 2

I withdrew from my Roth IRA while on covered California to pay bills. After cancelling Covered California and going on Medicare, I cashed out an anuity and withdrew from my conventional IRA with the understanding that my income did not matter once Covered California was cancelled.