Are premium assistance payments taxable?

[nun]

Are premium assistance payments taxable? I'm pretty sure they are not, but rather than waiting for a hour on the phone to call the official state number I thought I'd ask here first.

I qualify for MassHealth (MA Medicaid) but because I have health insurance from my previous employer the state will pay a part of the premium to keep me off the Medicaid rolls. I'm pretty sure that premium assistance check is not taxable and when I do my taxes it just reduces the amount the health insurance payments I can claim as a deduction.

 

[pb4uski]

No to my knowledge but I'm not receiving any so no first hand knowledge.

 

[Onward]

ACA Premium Assistance isn't taxable, but if you receive more than your actual income qualifies you for, you will have to repay the undeserved Premium Assitance at tax time.

 

[Trawler]

After two years thus far no Tax on ACA subsidies.

 

[jim584672]

I would really doubt that Medicaid payments for premiums are taxable. But then again I am not a tax guy.

 

[AllDone]

No, they're a refundable tax credit.