Eligibility for Premium Tax Credits Eligibility for the premium tax credit is based on the household income and access to minimum essential coverage. The following summarizes the key eligibility standards for premium tax credits (tax credits that reduce the cost of insurance premiums). Individuals must meet the following eligibility criteria to be eligible for a premium tax credit: • Not be eligible for minimum essential coverage — including employer-sponsored coverage, Medicaid, CHIP, Medicare, and other forms of coverage — other than through the individual insurance market, unless their employer-sponsored coverage is not affordable or does not provide minimum value • Have an annual household income that is between 100% and 400% of the Federal Poverty Level (FPL) (or below 100% of FPL for lawfully present non-citizens who are ineligible for Medicaid by reason of immigration status) • Be a part of a tax household that will file a tax return for the coverage year and, if the tax household includes a married couple, that files a joint return • Be eligible for coverage through a QHP
Posted on: Fri, 13 Sep 2013 18:14:56 +0000
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