kite_rider
Recycles dryer sheets
- Joined
- Apr 4, 2013
- Messages
- 127
There was an older thread from 2014 with the exact same title. Basically, it asked if there were any penalties for selecting a Silver ACA plan with cost subsidies and then having an income that was too high for the cost savings subsidy selected. The answer seemed to be 'no penalty' unless the IRS catches you deliberately cheating somehow. The last post more or less said; 'time will tell'.
(Note: I tried to just add to that thread, but the Forum robot denied my post with the reason that the thread was too old.)
Sooo, after being FIRE'd for 5 years now and paying full price for ACA plans; I finally think I can engineer my income to qualify for a subsidy! There are so many moving parts to this calculation with changes to the tax law and talk about repeal and/or removal of the cost sharing subsidies my head is spinning.
Anyway, does anyone have any new insight about the ramifications of missing income estimate when purchasing a Silver ACA plan with cost sharing subsidies (same question as OP)?
(Note: I tried to just add to that thread, but the Forum robot denied my post with the reason that the thread was too old.)
Sooo, after being FIRE'd for 5 years now and paying full price for ACA plans; I finally think I can engineer my income to qualify for a subsidy! There are so many moving parts to this calculation with changes to the tax law and talk about repeal and/or removal of the cost sharing subsidies my head is spinning.
Anyway, does anyone have any new insight about the ramifications of missing income estimate when purchasing a Silver ACA plan with cost sharing subsidies (same question as OP)?