Question: Is there any reason #CoveredCalifornia wouldn’t automatically adjust and continue my premium tax credit at renewal time?
Answer: Yes. (1) It could happen if you failed to authorize Covered California to check online income data, including from your tax returns, for another 1 to 5 years. If you did not authorize this, your financial assistance will NOT be automatically continued for next year. If so you can reapply for financial assistance if you want the subsidy to continue for another year. (2) Covered California will check the most recently available federal income tax return. If the income you reported on your tax return was more than 500% of the federal poverty level ($59,400 for a single person, $121,500 for a family of 4), your financial assistance will not automatically be continued for 2017. To continue receiving APTC in 2017, you will have to reapply for financial assistance and provide information about your expected 2017 income (3), If you did not file a 2015 federal income tax return including Form 8962, your financial assistance will NOT be continued for 2017. You will need to file a 2015 tax return as soon as possible, including a completed IRS Form 8962.
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