I am trying to understand this, "If the amount of advance credit payments you get for the year is less than the tax credit you're due, you’ll get the difference as a refundable credit when you file your federal income tax return."
So if I shop outside the marketplace, and pay the entire policy premium from my pocket first, i.e, the advance credit payments I get is ZERO, then if I am due for the premium subsidy, I should get the premium subsidy as the tax credit when I file the federal tax return, right?
If this is the case, why do I need to shop through the marketplace? I can simply buy the policy directly from the insurer, and get the premium subsidy back when I file the tax return.
So if I shop outside the marketplace, and pay the entire policy premium from my pocket first, i.e, the advance credit payments I get is ZERO, then if I am due for the premium subsidy, I should get the premium subsidy as the tax credit when I file the federal tax return, right?
If this is the case, why do I need to shop through the marketplace? I can simply buy the policy directly from the insurer, and get the premium subsidy back when I file the tax return.