
Publication 5152 
PREMIUM TAX CREDIT
Affordable Care Act
Individuals and Families
(Rev. 5-2016)

Cat. No. 66535G

Provided by the:
Internal Revenue Service
Alternative Media Center

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Publication 5152:  1

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Publication 5152
PREMIUM TAX CREDIT

Report changes to the Marketplace as they happen
IMPORTANT REMINDER ABOUT ADVANCE PAYMENTS OF THE PREMIUM TAX CREDIT

If you or anyone in your family purchased health coverage through the Marketplace and decided to have advance payments of the premium tax credit paid in advance to your insurance company to lower your monthly premiums, it is important to report life changes to the Marketplace when they happen.

The Marketplace computes your advance credit payments by estimating the premium tax credit you will be allowed when you file your tax return for the year. The Marketplace uses information about your family composition and projected income that you provide when you enroll in coverage to estimate your credit. When you file your return you must reconcile  or compare  your advance credit payments with the actual premium tax credit you are allowed. If your advance credit payments are more than your premium tax credit, you must increase the taxes you owe by all or a portion of the difference.

Reporting life changes as they happen allows the Marketplace to adjust your advance credit payments. This will help you avoid a smaller refund or unexpectedly owing taxes when you file your tax return.

CHANGES YOU SHOULD REPORT TO THE MARKETPLACE INCLUDE:
 Birth or adoption
 Marriage or divorce
 Moving to another address
 Changes in household income and size
 Gaining or losing health care coverage or eligibility
 Other changes affecting income, including lump sum payments
 Incarceration or release from incarceration

These changes may also open the door for the Marketplace special enrollment period, during which time you can purchase health coverage through the Marketplace.

Find out more about the premium tax credit, and other tax-related provisions of the health care law at IRS.gov/aca.

Find out more about the Health Insurance Marketplace at HealthCare.gov.

End of Publication 5152
