Filling the need for trusted information on national health issues…

What happens if I don’t update my application for financial assistance?

If you live in a federal Marketplace state and you don’t update your application, in most cases, healthcare.gov will automatically adjust the amount of your premium tax credit for next year.  If that turns out to be less than the amount you’re actually eligible for, you will have to pay more premium each month than you otherwise would have had to, although you can receive a refund for the rest when you file your tax return at year end.  On the other hand, if the automatically adjusted premium tax credit amount turns out to be more than you are actually eligible for, you will have to repay all or part of the difference when you file your tax return.

The Henry J. Kaiser Family Foundation Headquarters: 2400 Sand Hill Road, Menlo Park, CA 94025 | Phone 650-854-9400
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Filling the need for trusted information on national health issues, the Kaiser Family Foundation is a nonprofit organization based in Menlo Park, California.