Talk of The Villages Florida - View Single Post - Health Care Costs Pre-medicare
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Old 12-30-2017, 11:12 AM
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I don't believe there is any penalty for underestimating your income. You will, of course, have to repay the portion of the subsidy you aren't entitled to but they won't add a penalty.

Quote:
Originally Posted by rustyp View Post
This is true. Under approx $57K joint income you can get assistance and it is substantial the less your income is below $57K. You project your income forward I.E. not based on previous tax year. Be careful if you go over your projection you can get a substantial penalty. There are ways to limit your income like home equity instead of 401K withdrawals.