{"id":3144,"date":"2019-10-17T22:17:33","date_gmt":"2019-10-17T22:17:33","guid":{"rendered":"http:\/\/www.www.idahoinsuranceagency.com\/?p=3144"},"modified":"2023-07-20T18:14:37","modified_gmt":"2023-07-20T18:14:37","slug":"will-you-have-to-pay-back-your-obamacare-subsidy","status":"publish","type":"post","link":"https:\/\/www.idahoinsuranceagency.com\/will-you-have-to-pay-back-your-obamacare-subsidy\/","title":{"rendered":"Will You Have to Pay Back Your Obamacare Subsidy?"},"content":{"rendered":"<p>Of the 8 million+ Americans who purchased 2014 health insurance coverage via Obamacare 85% selected Marketplace plans with financial assistance.<\/p>\n<div class=\"paragraph\">\n<p>Many of these people may end up owing the feds some money when they fill out their 2014 federal income taxes.<\/p>\n<p>The Affordable Care Act&#8217;s tax credits and cost-sharing subsidies which are available to those with incomes 100%-400% of<a href=\"http:\/\/aspe.hhs.gov\/poverty\/14poverty.cfm\" target=\"_blank\" rel=\"noopener noreferrer\">\u00a0the federal poverty level<\/a>. The amount of financial assistance a person receives is based on projected income. \u00a0That means that if your income changes throughout the year, your eligibility for financial assistance may shift.<\/p>\n<p>When you file your 2014 return in 2015, the IRS will compare your actual income for 2014 with the amount you estimated when applying for exchange-based health insurance, according to\u00a0<a href=\"http:\/\/www.kiplinger.com\/article\/insurance\/T027-C000-S004-beware-pitfalls-of-health-care-subsidy.html\" target=\"_blank\" rel=\"noopener noreferrer\">Kiplinger\u2019s \u201cBeware Pitfalls of the Health Care Subsidy.\u201d<\/a>\u00a0At that point, you may owe money for making more than you estimated and thereby receiving too much subsidy, or receive a refund if you earned less than estimated.<\/p>\n<p>If you underestimated your 2014 income and still make less than 400% of the federal poverty level,\u00a0<a href=\"http:\/\/www.nolo.com\/legal-encyclopedia\/obamacare-tax-credits-the-pay-back-requirements-for-underestimating-annual-income.html\" target=\"_blank\" rel=\"noopener noreferrer\">your repayment amount will likely be capped<\/a>. If your income rises above 400%,\u00a0<a href=\"http:\/\/www.kiplinger.com\/article\/insurance\/T027-C000-S004-beware-pitfalls-of-health-care-subsidy.html\" target=\"_blank\" rel=\"noopener noreferrer\">you&#8217;ll likely be required to repay any financial assistance in its entirety.<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Of the 8 million+ Americans who purchased 2014 health insurance coverage via Obamacare 85% selected Marketplace plans with financial assistance. Many of these people may end up owing the feds some money when they fill out their 2014 federal income taxes. The Affordable Care Act&#8217;s tax credits and cost-sharing subsidies which are available to those [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[18],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Will You Have to Pay Back Your Obamacare Subsidy? - Idaho Insurance Agency<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.idahoinsuranceagency.com\/will-you-have-to-pay-back-your-obamacare-subsidy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will You Have to Pay Back Your Obamacare Subsidy? - Idaho Insurance Agency\" \/>\n<meta property=\"og:description\" content=\"Of the 8 million+ Americans who purchased 2014 health insurance coverage via Obamacare 85% selected Marketplace plans with financial assistance. Many of these people may end up owing the feds some money when they fill out their 2014 federal income taxes. The Affordable Care Act&#8217;s tax credits and cost-sharing subsidies which are available to those [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.idahoinsuranceagency.com\/will-you-have-to-pay-back-your-obamacare-subsidy\/\" \/>\n<meta property=\"og:site_name\" content=\"Idaho Insurance Agency\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-17T22:17:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-20T18:14:37+00:00\" \/>\n<meta name=\"author\" content=\"Idaho Insurance Agency\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Idaho Insurance Agency\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.idahoinsuranceagency.com\/will-you-have-to-pay-back-your-obamacare-subsidy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.idahoinsuranceagency.com\/will-you-have-to-pay-back-your-obamacare-subsidy\/\"},\"author\":{\"name\":\"Idaho Insurance Agency\",\"@id\":\"https:\/\/www.idahoinsuranceagency.com\/#\/schema\/person\/b71cc304f51d5aa03bb7401bb694b0e3\"},\"headline\":\"Will You Have to Pay Back Your Obamacare Subsidy?\",\"datePublished\":\"2019-10-17T22:17:33+00:00\",\"dateModified\":\"2023-07-20T18:14:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.idahoinsuranceagency.com\/will-you-have-to-pay-back-your-obamacare-subsidy\/\"},\"wordCount\":204,\"publisher\":{\"@id\":\"https:\/\/www.idahoinsuranceagency.com\/#organization\"},\"articleSection\":[\"Alerts\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.idahoinsuranceagency.com\/will-you-have-to-pay-back-your-obamacare-subsidy\/\",\"url\":\"https:\/\/www.idahoinsuranceagency.com\/will-you-have-to-pay-back-your-obamacare-subsidy\/\",\"name\":\"Will You Have to Pay Back Your Obamacare Subsidy? - Idaho Insurance Agency\",\"isPartOf\":{\"@id\":\"https:\/\/www.idahoinsuranceagency.com\/#website\"},\"datePublished\":\"2019-10-17T22:17:33+00:00\",\"dateModified\":\"2023-07-20T18:14:37+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.idahoinsuranceagency.com\/will-you-have-to-pay-back-your-obamacare-subsidy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.idahoinsuranceagency.com\/will-you-have-to-pay-back-your-obamacare-subsidy\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.idahoinsuranceagency.com\/will-you-have-to-pay-back-your-obamacare-subsidy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.idahoinsuranceagency.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Will You Have to Pay Back Your Obamacare Subsidy?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.idahoinsuranceagency.com\/#website\",\"url\":\"https:\/\/www.idahoinsuranceagency.com\/\",\"name\":\"Idaho Insurance Agency\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.idahoinsuranceagency.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.idahoinsuranceagency.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.idahoinsuranceagency.com\/#organization\",\"name\":\"Idaho Insurance Agency\",\"url\":\"https:\/\/www.idahoinsuranceagency.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.idahoinsuranceagency.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.idahoinsuranceagency.com\/wp-content\/uploads\/2023\/07\/IDAHO-INSURANCE-AGENCY-HOMEPAGE_2.png\",\"contentUrl\":\"https:\/\/www.idahoinsuranceagency.com\/wp-content\/uploads\/2023\/07\/IDAHO-INSURANCE-AGENCY-HOMEPAGE_2.png\",\"width\":277,\"height\":89,\"caption\":\"Idaho Insurance Agency\"},\"image\":{\"@id\":\"https:\/\/www.idahoinsuranceagency.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.idahoinsuranceagency.com\/#\/schema\/person\/b71cc304f51d5aa03bb7401bb694b0e3\",\"name\":\"Idaho Insurance Agency\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.idahoinsuranceagency.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/041679ef4ef4db53a2f277e23e543f3a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/041679ef4ef4db53a2f277e23e543f3a?s=96&d=mm&r=g\",\"caption\":\"Idaho Insurance Agency\"},\"url\":\"https:\/\/www.idahoinsuranceagency.com\/author\/idaho-staff\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Will You Have to Pay Back Your Obamacare Subsidy? - Idaho Insurance Agency","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.idahoinsuranceagency.com\/will-you-have-to-pay-back-your-obamacare-subsidy\/","og_locale":"en_US","og_type":"article","og_title":"Will You Have to Pay Back Your Obamacare Subsidy? - Idaho Insurance Agency","og_description":"Of the 8 million+ Americans who purchased 2014 health insurance coverage via Obamacare 85% selected Marketplace plans with financial assistance. Many of these people may end up owing the feds some money when they fill out their 2014 federal income taxes. The Affordable Care Act&#8217;s tax credits and cost-sharing subsidies which are available to those [&hellip;]","og_url":"https:\/\/www.idahoinsuranceagency.com\/will-you-have-to-pay-back-your-obamacare-subsidy\/","og_site_name":"Idaho Insurance Agency","article_published_time":"2019-10-17T22:17:33+00:00","article_modified_time":"2023-07-20T18:14:37+00:00","author":"Idaho Insurance Agency","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Idaho Insurance Agency","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.idahoinsuranceagency.com\/will-you-have-to-pay-back-your-obamacare-subsidy\/#article","isPartOf":{"@id":"https:\/\/www.idahoinsuranceagency.com\/will-you-have-to-pay-back-your-obamacare-subsidy\/"},"author":{"name":"Idaho Insurance Agency","@id":"https:\/\/www.idahoinsuranceagency.com\/#\/schema\/person\/b71cc304f51d5aa03bb7401bb694b0e3"},"headline":"Will You Have to Pay Back Your Obamacare Subsidy?","datePublished":"2019-10-17T22:17:33+00:00","dateModified":"2023-07-20T18:14:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.idahoinsuranceagency.com\/will-you-have-to-pay-back-your-obamacare-subsidy\/"},"wordCount":204,"publisher":{"@id":"https:\/\/www.idahoinsuranceagency.com\/#organization"},"articleSection":["Alerts"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.idahoinsuranceagency.com\/will-you-have-to-pay-back-your-obamacare-subsidy\/","url":"https:\/\/www.idahoinsuranceagency.com\/will-you-have-to-pay-back-your-obamacare-subsidy\/","name":"Will You Have to Pay Back Your Obamacare Subsidy? - Idaho Insurance Agency","isPartOf":{"@id":"https:\/\/www.idahoinsuranceagency.com\/#website"},"datePublished":"2019-10-17T22:17:33+00:00","dateModified":"2023-07-20T18:14:37+00:00","breadcrumb":{"@id":"https:\/\/www.idahoinsuranceagency.com\/will-you-have-to-pay-back-your-obamacare-subsidy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.idahoinsuranceagency.com\/will-you-have-to-pay-back-your-obamacare-subsidy\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.idahoinsuranceagency.com\/will-you-have-to-pay-back-your-obamacare-subsidy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.idahoinsuranceagency.com\/"},{"@type":"ListItem","position":2,"name":"Will You Have to Pay Back Your Obamacare Subsidy?"}]},{"@type":"WebSite","@id":"https:\/\/www.idahoinsuranceagency.com\/#website","url":"https:\/\/www.idahoinsuranceagency.com\/","name":"Idaho Insurance Agency","description":"","publisher":{"@id":"https:\/\/www.idahoinsuranceagency.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.idahoinsuranceagency.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.idahoinsuranceagency.com\/#organization","name":"Idaho Insurance Agency","url":"https:\/\/www.idahoinsuranceagency.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.idahoinsuranceagency.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.idahoinsuranceagency.com\/wp-content\/uploads\/2023\/07\/IDAHO-INSURANCE-AGENCY-HOMEPAGE_2.png","contentUrl":"https:\/\/www.idahoinsuranceagency.com\/wp-content\/uploads\/2023\/07\/IDAHO-INSURANCE-AGENCY-HOMEPAGE_2.png","width":277,"height":89,"caption":"Idaho Insurance Agency"},"image":{"@id":"https:\/\/www.idahoinsuranceagency.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.idahoinsuranceagency.com\/#\/schema\/person\/b71cc304f51d5aa03bb7401bb694b0e3","name":"Idaho Insurance Agency","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.idahoinsuranceagency.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/041679ef4ef4db53a2f277e23e543f3a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/041679ef4ef4db53a2f277e23e543f3a?s=96&d=mm&r=g","caption":"Idaho Insurance Agency"},"url":"https:\/\/www.idahoinsuranceagency.com\/author\/idaho-staff\/"}]}},"_links":{"self":[{"href":"https:\/\/www.idahoinsuranceagency.com\/wp-json\/wp\/v2\/posts\/3144"}],"collection":[{"href":"https:\/\/www.idahoinsuranceagency.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.idahoinsuranceagency.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.idahoinsuranceagency.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.idahoinsuranceagency.com\/wp-json\/wp\/v2\/comments?post=3144"}],"version-history":[{"count":2,"href":"https:\/\/www.idahoinsuranceagency.com\/wp-json\/wp\/v2\/posts\/3144\/revisions"}],"predecessor-version":[{"id":3559,"href":"https:\/\/www.idahoinsuranceagency.com\/wp-json\/wp\/v2\/posts\/3144\/revisions\/3559"}],"wp:attachment":[{"href":"https:\/\/www.idahoinsuranceagency.com\/wp-json\/wp\/v2\/media?parent=3144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.idahoinsuranceagency.com\/wp-json\/wp\/v2\/categories?post=3144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.idahoinsuranceagency.com\/wp-json\/wp\/v2\/tags?post=3144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}