The Premium Tax Credit is only available to those who bought their insurance through the Marketplace. This credit was estimated for you at the time of enrollment and is usually applied to your monthly health insurance premium to help lower your costs of health insurance.
You should receive Form 1095-A. This form reports your monthly premiums paid and your monthly advanced payments received for the Premium Tax Credit.
Be sure to report any changes in your family size or estimated income immediately to the Marketplace so they can re-evaluate your monthly advanced payment. This will help to decrease the possibility of needing to repay some of your monthly advanced payment when you file your return.
At the time of enrollment in health insurance, the Marketplace estimated your Premium Tax Credit based on your estimated household income and your family size. Depending on how your estimated household income compares to your actual household income on your tax return, your actual Premium Tax Credit may be larger or smaller than what the Marketplace initially estimated. The amount of your credit could also be affected by changes in your family size.
One of three things can happen after your actual Premium Tax Credit is calculated: