Premiums paid through healthcaregov or your state marketplace or exchange

[2010faass]

In Jan 2017, both my husband and I had health ins through the Marketplace. We estimated our joint income to be $36,000. In Feb 2017, my husband turned 65 and went on Medicare. I got a new policy without him on it through the Marketplace for the remainder of the year. When TT calculated my refund, it said that I owed $1500.00 the credit - because I went over the income calculations. But our income was calculated for both policies to be $36,000.  It looks like TT didn't figure in the Medicare for him and we are being penalized. Please advise.  Thanks.

[Vanessa]

It is more likely that your Advanced Premium Tax Credit paid during the year was too high. Are you using a desktop version of TurboTax?  Can you see form 8962?

[MarilynG · Accepted solution]

If your husband started collecting his Social Security along with becoming eligible for Medicare in February, this amount could have put you over the income limit for your advance payments.

He could still keep his Marketplace policy after becoming eligible for Medicare, but would not be eligible for a tax credit for those months.  

Here's more info:

https://www.healthcare.gov/medicare/changing-from-marketplace-to-medicare/

Edited 3/17/18 7:09 pm