My income was going to increase in 2022 beyond what would normally make me eligible for CHIP/Medicaid so I went to the Marketplace for health insurance. Without my knowledge, I was automatically renewed in CHIP/Medicaid for 2022 due to the American Rescue Plan( in spite of my higher income). I received no notification that I was renewed for 2022 until I received a new automatic renewal notice later in August of 2022 for renewal in 2023. It was then I found out I had been dual insured during all of 2022 with CHIP/Medicaid as well. I was also enrolled in the Marketplace for all of 2022. The results were that I qualified for Marketplace insurance with a substantial Tax Premium Credit along with notices in the Results page that I didn't qualify for CHIP/Medicaid. I went almost the entire year with dual insurance without knowing it and now I'm told by the Marketplace that I have to pay back all of the Tax Premium Credit since I had dual coverage. There has to be a precedence for this. It was an honest mistake. I never would have paid for Marketplace insurance had I know I was already getting it for free. What recourse do I have? Will the Premium Tax Credit repayment Cap protect me? Thanks for any advice!
You'll need to sign in or create an account to connect with an expert.
Less than 200% FPL | $325 | $650 |
---|---|---|
200% - less than 300% FPL | $825 | $1,650 |
300% FPL - less than 400% FPL | $1,400 | $2,800 |
400% and above | No limit; repay entire amount of excess tax credit | No limit; repay entire amount of excess tax credit |
This cap is based on income. Will it still apply if I had dual health insurance?
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
jaydriggz1437
New Member
likungchuen
New Member
wendydavis1973
New Member
Valveran1
New Member
15a6ec51f022
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.