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New Member
posted Jan 25, 2022 8:22:31 AM

If I accept a taxable grant that makes my income quite a bit higher, will it affect my marketplace insurance cost?

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3 Replies
Expert Alumni
Jan 25, 2022 8:32:25 AM

Yes, it will affect your Advanced Premium Tax Credit that is used to offset the cost of the premiums in the marketplace. 

New Member
Jan 25, 2022 8:43:56 AM

Even though I will be spending it all on my business?  I have until Sept 2023 to spend it.  I can't afford to lose my health insurance, so I won't accept a grant if that is going to happen.

 

Expert Alumni
Jan 25, 2022 8:58:35 AM

What you do with the money is irrelevant. The point is that is in income in the year you receive it. Any increase in income can affect your marketplace insurance.