Examples of Advance Payments of Premium Tax Credit in a sentence
PTC may be provided in advance to an eligible individual enrolled in a Qualified Health Plan (QHP) through Covered California: Advance Payments of Premium Tax Credit (APTC).
In the case of a termination for non-payment of Premium, and the Member is not receiving Advance Payments of Premium Tax Credit, the last day of coverage is the last day for which Premium payment is made consistent with existing State laws regarding Grace Periods.
Tax Credits (Advance Payments of Premium Tax Credit (APTC)) lower the cost of insurance premiums for taxpayers with household Modified Adjusted Gross Incomes (MAGI) of 100% to 400% of the federal poverty level, provided the taxpayers meet other eligibility requirements.
Covered California shall renew an enrollee’s coverage for the following year, using the process described in step 5, below, except that Covered California will not provide Advance Payments of Premium Tax Credit or Cost-Sharing Reductions if the enrollee did not provide tax authorization.
CA-13-005 (November 1, 2013).)1522-1A ADDED 10/15 Applicants Who Seek Any IAPs Must Be Evaluated for All IAPs An applicant’s request for an eligibility determination for one Insurance Affordability Program (IAP) is deemed a request for all IAPs, including Modified Adjusted Gross Income (MAGI) Medi- Cal, Non-MAGI Medi-Cal, Advance Payments of Premium Tax Credit (APTC) and Cost Sharing Reduction (CSR) subsidies.
Effective January 1, 2014, eligible individual taxpayers, whose household income is between 100 and 400 percent of the Federal Poverty Level (FPL), are eligible to receive an Advance Payments of Premium Tax Credit (APTC) based on the individual's income for coverage under a QHP offered in the Exchange.
Advance Payments of Premium Tax Credit (APTC): Payment of the tax credits authorized by 26 U.S.C. 36B and its implementing regulations, which are provided on an advance basis to an eligible individual enrolled in a QHP through an Exchange in accordance with Section 1412 of the Affordable Care Act.Affordable Care Act (ACA): The federal Patient Protection and Affordable Care Act of 2010 (Pub.L. 111–148), as amended by the federal Health Care and Education Reconciliation Act of 2010 (Pub.L. 111–152).
An enrollee, however, who has a change in income that does not impact the amount of theenrollee’s Advance Payments of Premium Tax Credit (APTC) or the level of Cost-Sharing Reduction (CSR) is not required to report such a change.
If the applicant’s attestation indicates that the income shown on the tax returns represents an accurate projection of the tax filer’s household income for the benefit year for which coverage is requested, the tax filer’s eligibility for Advance Payments of Premium Tax Credit (APTC) and Cost-Sharing Reduction (CSR) shall be determined based on the household income shown on the tax data.
CA-13-005 (November 1, 2013).) 1522-1A ADDED 10/15 Applicants Who Seek Any IAPs Must Be Evaluated for All IAPs An applicant’s request for an eligibility determination for one Insurance Affordability Program (IAP) is deemed a request for all IAPs, including Modified Adjusted Gross Income (MAGI) Medi-Cal, Non-MAGI Medi-Cal, Advance Payments of Premium Tax Credit (APTC) and Cost Sharing Reduction (CSR) subsidies.