ACA Premium Tax Credit Eligibility for 2016 and 2017
Issue Number: HCTT-2016-79
(from an email from the IRS)
A Series of Yes-or-No Questions help you Determine Eligibility for the Premium Tax Credit
The premium tax credit – also known simply as PTC – is a credit for certain people who enroll, or whose family member enrolls, in a qualified health plan offered through a Health Insurance Marketplace. Answer the yes-or-no questions in the chart – or via accessible text – and follow the arrows to find out if you may be eligible for the premium tax credit.
The current open season with the Health Insurance Marketplace is underway and runs through Jan. 31, 2017. You must enroll by Dec. 15, 2016 to have coverage begin on January 1, 2017.
Here are links to information and resources referenced in the graphic:
- Form 8962, Premium Tax Credit (PTC) and Instructions
- Information about the federal poverty line (FPL)
- Publication 974, Premium Tax Credit (PTC)
- Interactive Tax Assistant: Am I Eligible to Claim the Premium Tax Credit
The Individual Marketplace has two applications for plan year 2017:
- Marketplace 2.0 Application
- Classic Marketplace Application
The shorter, streamlined Marketplace 2.0 Application can be used with consumers who have simple household situations. Consumers are automatically routed through the correct application process on HealthCare.gov for their situations—and to the correct application—based on their responses to the first few questions about their household’s composition.
We are all learning about this and we are happy to be of help to anyone in Texas.
* Link* How can you get an estimate of costs and savings on marketplace health insurance.
For help with non marketplace plans, ie you do not qualify for a premium subsidy or tax credit then call or email our office and we can run a quote for you. We do not have “self serve” for off the market place.
We are happy to help with “on” or “off” the marketplace plans.
We are a Sugar Land (Houston TX area) office and we do not share or sell lead information.
Please do not send anyone your SS info and please be sure to only enter this on a “trusted site” ie when you make application and try to make sure it is a secure site…((https//:) is in start of the web address (url)