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August 31, 2022
Question

Health Insurance

  • August 31, 2022
  • 1 reply
  • 0 views

My first attempt posted without the question. 

1. I have Obama care health plan and making about $65,000.  My concern is I have alimony that is not factored in my premium.  Will I have pay money when I file this year with a new income over $70, 000, (Alimony and job included)?

 

2. Previously I have used "0" dependents in my w2 form for work, and when I file I adjust to the number of dependents. Is this ok?  

 

 

 

    1 reply

    August 31, 2022

    Yes, when you income goes up there's a likely-hood you will have to payback some of that Premium Tax credit.

     

    To calculate the new amount use the Premium Tax Calculator in this link Premium Tax Credit calculator 

     

    Compare the newly calculated Premium Tax Credit and compare to current Premium Tax Credit.  The difference will be an approximate amount you will need to payback

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