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Are premium assistance payments taxable?
Old 11-25-2015, 08:05 AM   #1
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Are premium assistance payments taxable?

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.

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Old 11-25-2015, 11:30 AM   #2
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No to my knowledge but I'm not receiving any so no first hand knowledge.

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Old 11-25-2015, 01:19 PM   #3
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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.
And if I claim to be a wise man, it surely means that I don't know.
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Old 11-25-2015, 03:35 PM   #4
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After two years thus far no Tax on ACA subsidies.
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Old 11-26-2015, 12:52 PM   #5
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I would really doubt that Medicaid payments for premiums are taxable. But then again I am not a tax guy.
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Old 11-26-2015, 04:52 PM   #6
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No, they're a refundable tax credit.

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