Financial Help Repayment Limits
We determine the amount of financial help you receive based on the income and family size you entered on your application for health insurance. If you end up earning less than what you told us on your application, you may receive a credit. If you end up earning more than what you stated on your application, you may have to pay some or all of the premium assistance you received during the year back at tax time. There are limits to the amount you may need to repay, depending on your income.
These are the repayment limits for the federal tax credit received in 2020*:
|
Household Income |
Single |
All other filers |
|
Less than 200% FPL |
$300 |
$600 |
|
200% - 300% FPL |
$800 |
$1,600 |
|
300% - 400% FPL |
$1,325 |
$2,650 |
|
Over 400% FPL |
Full amount received |
Full amount received |
* Repayment is suspended for any extra premiums you received in tax year 2020 because of the American Rescue Plan, which passed in March 2021.
These are the repayment limits for the state subsidy received in 2020:
|
Household Income |
Single |
All other filers |
|
Less than 200% FPL |
$300 |
$600 |
|
200% - 300% FPL |
$775 |
$1,550 |
|
300% - 400% FPL |
$1,300 |
$2,600 |
|
400% - 500% FPL |
$2,000 |
$4,000 |
|
500% - 600% FPL |
$3,000 |
$6,000 |
|
600% - 700% FPL |
$4,200 |
$8,400 |
|
Over 700% FPL |
Full amount received |
Full amount received |
Please consult the California Franchise Tax Board, the Internal Revenue Service, or a tax advisor if you have questions about your specific forms, penalty amount, or tax return.
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