Marketplace health ins premium rebate

Forum|Forum|4 years ago
February 8, 2022
1 reply
2 views

Taxpayer has marketplace health ins and received a "Health Ins Premium Rebate" in 2021 of about $1,000. I don't see that it is reflected in anyway on the 2021 Form 1095-A. Does this need to be reconciled somewhere on the Form 8962 or added as "other income". I haven't found any guidance

ProSeries Professional

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J

jeffmcpa2010

Level 10

Does the taxpayer have any paperwork on the "Health Ins Premium Rebate" that you can review?

rbynaker

Level 13

My guess would be an MLR rebate. I did some research a few years ago and didn't come up with anything conclusive. If that's what it is, google "MLR rebate". It's very situational. If there was no tax benefit from the overpaid premium in the prior year then a partial refund of a non-deductible expense is not taxable income. If there was a medical deduction or SEHI in the prior year then it may be a taxable recovery under the tax benefit rule. I had a whopping $88 one year that I just picked up as other income.

Rick

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