How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Arthur L Rubin Your Own Question
Arthur L Rubin
Arthur L Rubin, Tax Preparer
Category: Financial Software
Satisfied Customers: 1493
Experience:  22 years of tax preparation experience, including 12 years of using commercial software.
Type Your Financial Software Question Here...
Arthur L Rubin is online now
A new question is answered every 9 seconds

I had no employer sponsored health insurance coverage

Customer Question

I had no employer sponsored health insurance coverage for 5 months (June thru October of 2015). I got insurance for my wife and myself thru the Market Place. Then by Gods grace I was able to get a job that provided health coverage for both of us. I have two 1095-C statements that verify the coverage gap. Why am I having to refund the Market Place subsidy? I am 65 years old and getting a decent job at this age was a miracle.
Submitted: 6 months ago.
Category: Financial Software
Expert:  Arthur L Rubin replied 6 months ago.
James, thank you for using Just Answer.There are two reasons why you might not be eligible for the subsidy, and have to refund any subsidy you received. If your AGI (Adjusted Gross Income) for 2015 exceeds 4 times the "poverty line", even by $1, you are ineligible for the subsidy and have to repay any subsidy you received. This is independent of your age. You wrote that you are 65. If you are eligible for Medicare, you are ineligible for the subsidy on any Market Place plan for your insurance. You are probably ineligible for any insurance through the Market Place, but that is an insurance question, not a tax question. I wish I had better news for you.

Related Financial Software Questions