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taxme88
New Member

If my health insurance is being waived, will I still have to pay for having health insurance?

I did not have health insurance for 2 consecutive month for 2017. Will I have to pay back if I had insurance through the market place?

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3 Replies
ModestaL
New Member

If my health insurance is being waived, will I still have to pay for having health insurance?

No, you shouldn't have to pay any penalties for having a 2-month gap in your health insurance coverage because you are allowed a short gap coverage during the year (less than 3 months). For example: If your health plan ended with your employer on February 18th you could be uninsured for the rest of February, March and April but you would need to have coverage in May to avoid any penalties.

If you purchased health coverage through Healthcare.gov or a state Marketplace, you’ll receive a 1095-A form. We’ll ask you to enter the info from your 1095-A in the Health Insurance section so we can calculate your Premium Tax Credit.

Follow this link to find out what counts as health insurance, or call your health insurance provider and ask if your plan is recognized as minimum essential coverage. 

(See images below).



taxme88
New Member

If my health insurance is being waived, will I still have to pay for having health insurance?

After entering my 1095-A, it says I have to pay because I earned more income than I estimated on my plan. Is this not waived?
ModestaL
New Member

If my health insurance is being waived, will I still have to pay for having health insurance?

No, it's not waived. If you received more credit than you were eligible to receive you will have to pay back the difference (subject to some limitations for those under 400% FPL). I have added images above.

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