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Level 2
posted May 31, 2019 6:08:50 PM

Form 8962 should have a credit (MAGI is negative), but lines 11-23 are blank even with premium and SLCSP values entered for 1095-A in the step-by-step. What’s missing?

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1 Best answer
Level 9
May 31, 2019 6:08:57 PM

Sorry, you do not qualify for the Premium Tax Credit on Form 8962.

In order to qualify, your income (MAGI) needs to be at least 100% of the Federal Poverty Level (Line 5).   Because your income is below that, and you did not receive any Advance credit (column C on the 1095-A), you do not qualify.  Sorry.

6 Replies
Level 9
May 31, 2019 6:08:51 PM

Does your 1095-A have an amount in column C?

Level 2
May 31, 2019 6:08:53 PM

Thanks for the prompt reply Bill. The amount is zero.

Level 9
May 31, 2019 6:08:57 PM

Sorry, you do not qualify for the Premium Tax Credit on Form 8962.

In order to qualify, your income (MAGI) needs to be at least 100% of the Federal Poverty Level (Line 5).   Because your income is below that, and you did not receive any Advance credit (column C on the 1095-A), you do not qualify.  Sorry.

Level 2
May 31, 2019 6:08:59 PM

Interesting. I would have never thought I needed to make more money to get the credit; I figured as long as I was below a certain threshold I'd be eligible. Thanks.

Level 9
May 31, 2019 6:09:02 PM

The original law provided if your income was too low (below 138% of the Federal Poverty Level), you would qualify for Medicaid.  However, when Supreme Court overturned that part of the law, about half of the States did not comply with giving Medicaid to very-low income people, so now many people (like you) are 'stuck' with high cost insurance or no insurance at all.

New Member
May 31, 2019 6:09:06 PM

I'm in the same boat, I started (and later lost) a business which lost huge amounts of borrowed money and now I'm stuck paying the bankruptcy bill and don't even get a refund on the money the government forced me to pay to insurance when I had a job earlier in the year. Go figure.