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Are premium assistance payments taxable?
Old 11-25-2015, 09:05 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, 12:30 PM   #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, 02:19 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.
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Old 11-25-2015, 04:35 PM   #4
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After two years thus far no Tax on ACA subsidies.
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Old 11-26-2015, 01:52 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, 05:52 PM   #6
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No, they're a refundable tax credit.
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