1095A Subsidy repayment

[stevedip1]

T/P got ACA health insurace after job loss in mid year, but at that point had already past the limit, so reconciliation show T/P must pay back all subsidies. Is there way to waive this due to job loss?

[Just-Lisa-Now- · Accepted solution]

Nope...they got it, now they have to pay it back.. Horrible system they designed!

[rbynaker]

How did he get subsidies if the income was already over the limit?

[Just-Lisa-Now-]

ohhh good catch...I was thinking it was the other way around....no job first part of the year, got a job mid year but had already got he APTC.

[ehill]

Sounds like they put down as very little income and did not include what was earned the first half of the year.  If they had put in the income then they would not have gotten the subsidy.

[Just-Lisa-Now-]

   agreed!:+1:

[rbynaker]

Don't know about the state exchanges but on healthcare.gov you can just keep editing your application until you like the numbers it gives you at the end.  And then you submit it.  It's basically like TurdoTax for healthcare.