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WC effect on ACA eligibility or tax credit
Does anyone have knowledge or advice on the following scenario? I'm in GA but that probably doesn't matter to this question.

Last December I signed up for a health insurance plan for this year under the Affordable Care Act. With the earnings estimate based on my job at the time I qualified for a good premium subsidy. Then I was injured in mid-February and have been on TTD since; no release for work yet. It just occurred to me to wonder about how this may affect my ACA situation now and/or at tax time next year.

I understand that the WC wage replacement payments plus expense reimbursements such as for mileage - as well as lump-sum settlements - are not taxable income. Thus it seems likely I'll have difficulty reaching the minimum income level for ACA subsidy/tax credit. Is my understanding correct; am I right to worry about the tax implications? If so, is there anything I can do now or later to help the situation?

I wanted to ask this forum before possibly contacting the federal Marketplace folks. If anything is unclear, or more info would be useful, please let me know. Thanks.

Messages In This Thread
WC effect on ACA eligibility or tax credit - CrushedHand14 - 07-21-2014, 03:26 PM

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