I got a question about the health care subsidy, and I haven't been able
to find anything about this.
The person qualified for the subsidy, and paid the amount required for
insurance through the exchange. However last year he took money out of
an annuity to buy a business, and that withdrawal pushed his income
well above the limit for qualifying for the subsidy.
I imagine that he'll have to go back and repay the amount of the
subsidy. Is there a penalty on top of that?
- posted 1 year ago