Advance premium tax credit definition

Advance premium tax credit means the premium assistance

Advance premium tax credit means the tax credit provided by the Affordable Care Act to help you afford health coverage purchased through the Health Insurance Marketplace. Advanced payments of the tax credit can be used right away to lower your monthly premium costs. If you qualify, you may choose how much advanced credit payments to apply to your premiums each month, up to the maximum amount. If the amount of advanced credit payments you get for the year is less than the tax credit you are due, you will get the difference as a refundable credit when you file your federal income tax return. If your advanced payments for the year are more than the amount of your credit, you must repay the excess advanced payments with your tax return.

Advance premium tax credit means the premium assistance amount determined in accordance with the affordable care act.

Examples of Advance premium tax credit in a sentence

• These sources are fully cited in CRS Report R46638, Health Insurance Exchanges: Sources for Statistics, in the “Point-in-Time Effectuated Enrollment Data” section of the report.Notes: APTC = Advance premium tax credit; CSR = Cost-sharing reduction; PY = Plan year.

• Advance premium tax credit means payment of the tax credits specified in section 36B of the Internal Revenue Code (as added by section 1401 of the Affordable Care Act) which are provided on an advance basis to an eligible individual enrolled in a qualified health plan through a Marketplace in accordance with sections 1402 and 1412 of the Affordable Care Act.

• Advance premium tax credit means the tax credit provided by the Affordable Care Act to help you afford health coverage purchased through the Exchange.

• This Statement was followed by the separation of the Ministry of Public Works and Transport into 2 Ministries and then, a new organization chart for the Public Ministry of Public Works was introduced, so that its set- up would better meet performance objectives.

• Premium Tax Credits: Examples Example 1: Single 27-year-old in Dallas, TX with an income of $25,000 for 2016 Calculate her tax credit for 2016 coverage: Income as percentage of FPL: 212% Maximum monthly payment for second-lowest silver benchmark plan: $143 Monthly total premium of second-lowest silver benchmark plan: $216 Advance premium tax credit per month: $216 – $143= $73 Suppose she’s trying to decide among two silver plans and a bronze.

More Definitions of Advance premium tax credit

Advance premium tax credit means the premium assistance amount determined in accordance with the federal patient protection and affordable care act, P.L. 111-148, as amended by the federal health care and education reconciliation act of 2010, P.L. 111-152, or federal regulations or guidance issued under the affordable care act.

Advance premium tax credit means a Federal subsidy that will pay a portion of an individual’s or family’s health insurance premium.

Advance premium tax credit or “APTC” means advance payment of the premium tax credit specified in section 36B of the Internal Revenue Code (as added by section 1401 of the Affordable Care Act) which is provided on an advance basis on behalf of an eligible individual enrolled in a qualified health plan (QHP) through a Marketplace in accordance with sections 1401 and 1412 of the Affordable Care Act.

Advance premium tax credit means the premium assistance amount determined in accordance with 26 U.S.C. 36B.

Advance premium tax credit or “APTC” means a payment made by the U.S. Department of Health and Human Services pursuant to 42 USC § 18082 on behalf of an eligible individual to reduce the amount of a health plan premium.

Advance premium tax credit. MEANS THE REFUNDABLE

Advance premium tax credit means the premium assistance amount determined in ac- cordance with 26 U.S.C. 36B.