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Have you lost your Premium Subsidy ?


​The most common reason for losing your premium tax credit aka "Subsidy" is the reconciliation of your
actual income versus your estimated income and your premium tax credit was not reported on past
taxes.

This reconciliation would be reported on the 8962 form completed by your accountant. This is 
completed after you received the 1095A form from the marketplace or your insurance company.


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Your premium tax credit reconciliation would be reported on line 69 on page 2 of your 1040:
  • If you made more money than you estimated, line 69 would indicate that tax would be due back
  • to the federal government
  • If you made less money than you estimated, line 69 would indicate a tax credit to you
  • In any case, line 69 should be completed with some value
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  • If this was NOT completed – this is a common reason that you have lost your premium tax credit
​
If you fall into this category, you can take the following steps:
  • Check your 1040 from 2017, 2016 and 2015 to see if line 69 on page 2 was left blank. If that line​ was blank – especially for later years – you will need to get an amended tax return
  • Call the Health Insurance Marketplace 800-318-2596 to get the 1095A mailed to you

Other factors that affect loss of premium tax credit:

  • Change in household size: if you got married, divorced, had a baby or had a dependent age out (turned 26).  Any change in the number of people on your tax return
  • Substantial change in income: either plus or minus 25% as compared to 2017 this would be the​ latest tax return filing that the marketplace has access to
  • Having filed an extension on your tax returns or if your 2017 taxes aren’t complete

​Contact us – we can help!

    Your Contact Information For Lost Subsidy

Submit
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
Trout Insurance is an Independent Insurance Agency Based in WNC. 
Privacy Notice Statement  | Privacy Policy
“We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or call 1.800.Medicare to get information on all of your options.”
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.”
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  • Insurance
    • Home & Auto Insurance
    • Medicare
    • Income Protection >
      • Disability Insurance
      • Long-Term Care
      • Critical Illness
      • Annuities
    • AARP - Hartford
    • Life Insurance
    • Health Insurance
    • Dental and Vision
    • Employee Benefits
    • Business Owners >
      • Group Health Insurance
      • Commercial Property & Liability
      • Business Overhead Expense Disability
      • Disability for Business Owners
      • Critical Illness
    • Short Term Health
  • Trout Team
    • Our Story
    • Dave Trout
    • Jessica Cody >
      • Home & Auto Insurance
    • Jeremy Sheridan
    • Robert Pugh
    • David Hanson
    • Jennifer Trout
    • Idelle Davids
    • Jan Trout
    • Steve Dillingham
  • Resources
    • Employee Success
    • Fixing the ACA "Family Glitch"
    • Aetna/CVS Health NC
    • Client Center
    • Reviews
    • Blog
    • Articles >
      • Health Insurance 2022
      • Friday Health
      • Comparing 2022 Plans
      • Insurance Partners
      • Best Value Insurance Plans
      • 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 2023 & Tax Form 1040
      • Lost Subsidy
      • Privacy Policy
  • Community
    • Alignment's 5-Star Switch
    • Employer Networking w/ Just Economics
    • FALLing with Families
    • Medicare New Era Event October 13th
    • Blue Ridge Pride Festival
    • Health & Wellness Fair
    • Goombay & YMI
    • Alignment Health Plans
    • YMI Winter Coat Drive
    • Medicare Seminar
    • Art in Autumn + MANNA
    • Music on Main
    • Western Women's Business Center Conference
    • Mural on Main Street
    • Expanded Team- Next Generation
    • Back to School
    • Weaverology
    • Mother Earth Food
  • Contact Us