obamacare question

[netsfan549]

Im trying to fill out application but only part I dont get is this

Using your premium tax credit
close

Your premium tax credit is automatically distributed among the groups you set up. You can change the premium tax credit amount you want to use each month.

I have a range from 0-230.. help? Thank you!

[MavsSuperFan]

Im trying to fill out application but only part I dont get is this

Using your premium tax credit
close

Your premium tax credit is automatically distributed among the groups you set up. You can change the premium tax credit amount you want to use each month.

I have a range from 0-230.. help? Thank you!

Obamacare provides tax credits to help you pay for the insurance premiums. Basically you choose how much of the premium tax credit you want to use in advance. Using the tax credit in advance will lower you monthly premium payments. You will have a maximum amount that you are qualified to reduce your monthly premium payments by.

If you have used less than your maximum premium tax credit you qualify for during the year you will receive the balance when you file your federal income tax return as a refundable tax credit. If you have used more than your maximum premium tax credit, you will have to pay the balance with your other taxes.

Edit: depending on your situation I would recommend you use the maximum required to reduce your premiums to zero or as low as possible.

As long as you are responsible and have the money to pay off the balance at the end of year, it is smart to delay outlays of cash as long as possible.

However never owe the government money so use less of the tax credit in advance and get the refund if you think you will have trouble paying later.

[Immortal Bum]

how do i sign up for obamacare?

[netsfan549]

how do i sign up for obamacare?

healthcare.gov

good luck if you try calling them they hung up on me lol