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PoliticAverse

(26,366 posts)

5. As I understand it the IRS cannot recapture the cost-sharing subsidy

Reply to BlueStreak (Reply #4)

Sun Nov 3, 2013, 11:23 PM

Nov 2013

(unlike the premium subsidy which they can recapture).

So if you got a cost-sharing subsidy based on an estimated income that was less than your
final actual income turned out to be any excess subsidy is yours to keep.

I remember reading this somewhere in one of the official documents but I don't
recall exactly where at the moment. When I find it again I'll post a link.

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Trying to understand the ACA income reporting procedure [View all] BlueStreak Nov 2013 OP

I would estimate your income on the low end. Travis_0004 Nov 2013 #1

The premium subsidy and cost-saving subsidy (if any), are figured from the income amount you put in Yo_Mama Nov 2013 #2

The difference between silver and gold is because 'cost-sharing' subsidies are only for silver plans PoliticAverse Nov 2013 #3

OK. That makes sense, but how can you recapture deductible? BlueStreak Nov 2013 #4

As I understand it the IRS cannot recapture the cost-sharing subsidy PoliticAverse Nov 2013 #5

That makes some sense, but illustrates just how poorly this law was conceived. BlueStreak Nov 2013 #8

There is a provision in the ACA to partially reimburse an insurance company if their payouts exceed PoliticAverse Nov 2013 #9

I retired at age 62, does SS count as income? B Calm Nov 2013 #6

Yes, the subsidy is based on "Modified Adjusted Gross Income" which includes Social Security... PoliticAverse Nov 2013 #7

Q about "income" kitp Nov 2013 #10

You aren't taxed twice BlueStreak Nov 2013 #11

Thanks kitp Nov 2013 #12

I'm not an expert, so don't rely on anything I say BlueStreak Nov 2013 #13

Thanks kitp Nov 2013 #14