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If I don’t update my application will I still get the increased premium tax credit?

Yes.  When you file and reconcile your 2021 federal tax return, you will be able to collect the increased premium tax credit as a refundable tax credit.

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While we have made every effort to provide accurate information in these FAQs, people should contact the health insurance Marketplace or Medicaid agency in their state for guidance on their specific circumstances.

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The independent source for health policy research, polling, and news, KFF is a nonprofit organization based in San Francisco, California.