Question regarding marketplace insurance and marriage I got married in July 2016. I was enrolled in market place insurance for all of 2016, and am now on my husbands insurance.
My income is low, and I had qualified for a tax credit. However I understand now that from July on, the income qualifications would be based on both our incomes. I didn't report the life change to marketplace (I didn't know I needed to do that since my insurance wasn't changing....my stupid fault). And now it's too late for me to report the marriage, and I was told it would be reconciled when we file taxes.
My question is...I'm sure I'll have to repay the credit from the 5 months of 2016 we were married....but do they take into account the 7 months that I was still single? Because at that time it wasn't "household" income it was just me. I'm concerned I'm going to have to pay back and entire year of credits when I was only married part of the year.
Thanks if anyone has any input! |