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APTC Income 2022  &  Tax Form 1040
​
APTC (Advanced Premium Tax Credit)

Please use these Resources for Determining Your Estimated Premium Subsidy

Federal Poverty Level (FPL)
​A measure of income issued every year by the Department of Health and Human Services (HHS). Federal poverty levels are used to determine your eligibility for certain programs and benefits, including savings on Marketplace health insurance, and Medicaid and CHIP coverage.
​
The 2021 federal poverty level (FPL) income numbers below are used to calculate eligibility for Medicaid and the Children's Health Insurance Program (CHIP) and are used to calculate savings on Marketplace insurance plans for 2022.

2020 Poverty Guidelines Income Chart

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How federal poverty levels are used to determine eligibility for reduced-cost health coverage:
  • Income above 100%: If your income is in this range, in all states you qualify for premium tax credits that lower your monthly premium for a Marketplace health insurance plan.
  • High Income above 400%: For 2022- the "Income Cap" has been eliminated. Your subsidy will be calculated as % of income. For a younger single person age 35, these subsidies start to fall off at $75,000. For family of 4, mid 50's, subsidies are available to $350,000 and beyond. 
  • Income below 138% FPL: If your income is below 138% FPL and your state has expanded Medicaid coverage, you qualify for Medicaid based only on your income.
  • Income below 100% FPL: If your income falls below 100% FPL, you probably won’t qualify for savings on a Marketplace health insurance plan or for income-based Medicaid. NOT SUBSIDY.
  • North Carolina has not yet expanded Medicaid. 
Help Reconciling Your Tax Credit
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Estimate Your Income for 2022
To determine the premium subsidy–the Marketplace uses your "MAGI" (Modified Adjusted Gross Income). PLUS the full value of any Social Security Income. This is your total income. 

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We will use this estimate to determine your APTC ( Advance Premium Tax Credit ) or the premium discount subsidy to reduce your insurance premium.
 
In thinking about your income for 2022, we suggest going a little higher rather than lower. Your income estimate is reconciled with your actual income when you do your taxes for 2021 tax year (in 2022). It'll be nice to get some dollars back at that point rather than pay more.
 
As the premium of the benchmark Silver plan has decreased–so too the premium subsidy has decreased as well. If you have similar income estimate in 2022 as 2021 - the actual subsidy will decrease for 2022. ​
Trout Insurance Services

Monday-Friday
9:00am-5:00pm & by Appointment


​Visit: 29 N Main St
Weaverville, NC 28787
     
Mail: PO Box 1414     
Weaverville, NC 28787  
Ph: 828.279.4681

Fax: 1.888.221.4842
​
contact@troutinsurance.com
Privacy Notice Statement  | Privacy Policy
Trout Insurance is a Full Service Independent Insurance Agency Based in WNC. 
Trout Insurance is an independent authorized agency licensed to sell and promote products from Blue Cross and Blue Shield of North Carolina (Blue Cross NC). The content contained in this site is maintained by Trout Insurance. Blue Cross and Blue Shield of North Carolina is an independent licensee of the Blue Cross and Blue Shield Association.
®, SM Registered marks of the Blue Cross and Blue Shield Association.”
Stay current with relevant insurance news. Newsletters usually send out about 1-2 times per month. We will never share your address. ​ 

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  • Coverage
    • Home & Auto Insurance
    • Medicare
    • Income Protection >
      • Disability Insurance
      • Long-Term Care
      • Critical Illness
      • Annuities
    • AARP - Hartford
    • Life Insurance
    • Health Insurance
    • Dental, Vision, Accident
    • Employee Benefits
    • Business Owners >
      • Group Health Insurance
      • Commercial Property & Liability
      • Business Overhead Expense Disability
      • Disability for Business Owners
      • Critical Illness
    • Short Term Health
  • About Us
    • Our Story
    • Dave Trout >
      • DT Landing
    • Jessica Cody >
      • JC Landing
    • Jeremy Sheridan >
      • JS Landing
    • Robert Pugh
    • David Hanson
    • Jennifer Trout
    • Jan Trout
    • Steve Dillingham
  • Reviews
  • Client Center
    • Client Center
    • Resources >
      • Health Insurance 2022
      • Friday Health
      • Comparing 2022 Plans
      • Insurance Partners
      • Best Value Insurance Plans
      • American Rescue Plan
      • ARP Facts CMS
      • ARP Unemployment
      • ARP 2020 Excess Premium Subsidy
      • No Income Cap
      • Unemployment Glitch
      • Asheville Homesharing
      • 2019 Verification-a
      • BCBS Online Setup
      • APTC Income 2022 & Tax Form 1040
      • Lost Subsidy
      • Privacy Policy
  • Community
    • Alignment
    • Health & Wellness Day
    • YMI Winter Coat Drive
    • Medicare Seminar
    • Art in Autumn
    • Goombay
    • Music on Main
    • Manna Fundraiser
    • Western Women's Business Center Conference
    • Mural on Main Street
    • Expanded Team- Next Generation
    • Back to School
    • Weaverology
    • Mother Earth Food
    • Find the Trout
  • Blog
  • Contact Us