I started a new job that offers health care benefits starting 6/1/2018.
However, my wife and I have been on a ACA plan since January 1, 2018, and receiving a substantial subsidy due to having a no/low income for the past 6 months. We were receiving about $1900 per month towards the premium. Our ACA coverage is now cancelled and will end 6/1/1018.
The new job pays well, and by the end of the year, I'll probably
be close to the 400% poverty level maximum for 2 people.
Question: Will the ACA ask for all or any part of the subsidy back that we received for the 1st 6 months of 2018 even though I was not working ? What happens at tax time, when I am filing my 2018 taxes ?
However, my wife and I have been on a ACA plan since January 1, 2018, and receiving a substantial subsidy due to having a no/low income for the past 6 months. We were receiving about $1900 per month towards the premium. Our ACA coverage is now cancelled and will end 6/1/1018.
The new job pays well, and by the end of the year, I'll probably
be close to the 400% poverty level maximum for 2 people.
Question: Will the ACA ask for all or any part of the subsidy back that we received for the 1st 6 months of 2018 even though I was not working ? What happens at tax time, when I am filing my 2018 taxes ?
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