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New Member
posted May 31, 2019 5:33:51 PM

What is the Georgia income range to qualify for an ACA subsidy?

I want to take all the expenses I can, but I don't want to have to pay back my ACA Georgia subsidy.  What is the minimum amount of income I can make, and still qualify to receive the subsidy for 2015?

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1 Best answer
Level 9
May 31, 2019 5:33:54 PM

If you received the payments of the Advance credit, you will not need to repay it because your income is too low.

As a side note, you are required to take all of your expenses.  Not doing so with the intent for receiving a benefit (such as receiving a tax credit) would be fraud.

3 Replies
Level 8
May 31, 2019 5:33:53 PM

Georgia does not have an insurance marketplace. You must use the Federal marketplace and Federal modified adjusted gross income. Also, it's not a minimum, it's a maximum income you must avoid. See below.

"The Affordable Care Act encourages Americans to participate by offering subsidies for qualifying healthcare coverage to those who fall below certain income limits. In particular, the subsidies are available to those with incomes up to 400% of the federal poverty level, making the key figures for 2015 $47,080 for single-person households, $63,720 for couples, and $16,640 in additional income for every extra person within the household."

Level 9
May 31, 2019 5:33:54 PM

If you received the payments of the Advance credit, you will not need to repay it because your income is too low.

As a side note, you are required to take all of your expenses.  Not doing so with the intent for receiving a benefit (such as receiving a tax credit) would be fraud.

Level 7
May 31, 2019 5:33:59 PM

There is a minimum. You are required to have at least poverty level income. That is the biggest Catch22 in legislation .

You must project to claim at least 100% of the Federal Poverty Level in household income to qualify for tax credits through ObamaCare. This is true in all states. In 2015 this is $11,770 and it raises by about $100 a year.

http://obamacarefacts.com/questions/what-is-the-minimum-income-for-obamacare/