RobinGHess's blog

One receive the credit that is larger than the amount they actually pay for their plan so while this is a refundable credit and it’s an advance a poor credit you cannot receive more than you actually pay for your health care coverage so let's take a look at some examples family of four with income up fifty thousand dollars they’re going to purchase a benchmark plan the premium tax credit is generally set based on the benchmark plan the family expected contribution as percentage the family's household income so their household income as a percentage I love the federal poverty limit is two unearned 24 percent may stop for that be expected family contribution will be 7.14 percent up there income this will be published later by the IRS so the expected family contribution would be 3,570 dol