joanne
Level 1
‎12-07-2019 06:32 AM
 
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abctax55
Level 15
‎12-07-2019 06:33 AM

NOW that we have more info, yes there can be APTC payback.

If your client was subsidized (that is what the marketplace is all about) AND her income pushed her over that 401% cliff, then part or all of the subsidy may have to be paid back.

Consider an IRA or HSA (if qualified) to try to get off the edge of the cliff.

HumanKind... Be Both

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joanne
Level 1
‎12-07-2019 06:33 AM
Oh boy. That's not what I wanted to hear. Thanks.
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abctax55
Level 15
‎12-07-2019 06:33 AM
My biggest 'payback' this year was just shy of $ 23,000.
HumanKind... Be Both
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joanne
Level 1
‎12-07-2019 06:33 AM
gulp
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joanne
Level 1
‎12-07-2019 06:33 AM
I just called her. She knew it was coming.
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abctax55
Level 15
‎12-07-2019 06:33 AM

Explain "employer" heath insurance and marketplace.  Those don't usually "go together".

HumanKind... Be Both
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joanne
Level 1
‎12-07-2019 06:33 AM
Employer-provided health care
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abctax55
Level 15
‎12-07-2019 06:33 AM
I understand that...but if the employer provided insurance WHY was the marketplace involved?
HumanKind... Be Both
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joanne
Level 1
‎12-07-2019 06:33 AM
BTHOM. (beats the hell outta me)
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itonewbie
Level 15
‎12-07-2019 06:33 AM

Or do you mean your client was on employer health insurance until end of June?  If you don't know, wouldn't this be a question for your client than this forum?

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Still an AllStar
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joanne
Level 1
‎12-07-2019 06:33 AM
I know that she was. I have the 1095B.
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joanne
Level 1
‎12-07-2019 06:33 AM
I also have a 1095A for July to October and a C for Nov/Dec
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itonewbie
Level 15
‎12-07-2019 06:33 AM
But you didn't say that in your response to Anna.
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Still an AllStar
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joanne
Level 1
‎12-07-2019 06:33 AM
Sorry, I'm juggling a lot of balls like all of you.
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abctax55
Level 15
‎12-07-2019 06:33 AM
"the marketplace" made me suspect, but to be honest, I've given up mind-reading for Lent. This job is hard enough as it is.....
HumanKind... Be Both
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abctax55
Level 15
‎12-07-2019 06:33 AM
@joanne
Our answers can only be as good as the question/info provided.
Yes, we are ALL juggling right now.
HumanKind... Be Both
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joanne
Level 1
‎12-07-2019 06:33 AM
of course. With the limited number of characters it's hard
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joanne
Level 1
‎12-07-2019 06:33 AM
to provide complete and accurate info
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abctax55
Level 15
‎12-07-2019 06:33 AM
There is NO LIMIT to the question area.  Only to the header.
Feel free to duplicate War & Peace.
HumanKind... Be Both
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joanne
Level 1
‎12-07-2019 06:33 AM
LOL
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