Very basic question on subsidies

[nobodyspecial]

If you qualify for a subsidy, when do you see it? Do you pay the regular monthly fee for the plan you select and then wait until you file your taxes to get money back? What if you are on the really low end for incomes qualifying for a subsidy but can't come up with the monthly payment but would be able to afford it if that subsidy was figured in monthly rather than in a lump sum at the end of the year? Or do you must make your cost share payment and the government pays the provider directly?

[dkf]

1. Isn't it sad that the answers are not blindingly obvious by now?

Where are the PSA's?

They are still defending the danged thing, not explaining it.

[Zorra]

2. See the link entitled "Premium Tax Credit" at the link below.

http://www.democraticunderground.com/10023648218

[nobodyspecial]

3. Thank you and here's the answer for anyone else wondering the same thing. Works for me.

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