CEC Premium Tax Credits & Cost-Sharing Reductions

Question 1

What is the Advance Premium Tax Credit (APTC)?

Accepted Answer

A subsidy paid in advance to lower monthly Marketplace premiums

Answer

A tax penalty for not having health insurance

Answer

A reimbursement for out-of-pocket medical costs

Answer

A tax credit only claimed when filing annual returns

Question 2

What income range (as a percentage of the Federal Poverty Level) makes a consumer eligible for the Advance Premium Tax Credit?

Accepted Answer

100–400% FPL

Answer

0–100% FPL

Answer

138–400% FPL

Answer

200–600% FPL

Question 3

Which metal tier plans are eligible for Cost-Sharing Reductions (CSR)?

Accepted Answer

Silver plans only

Answer

Bronze plans only

Answer

Gold and Platinum plans

Answer

Any metal tier plan

Question 4

Which tax form does a consumer receive to reconcile their APTC at tax time?

Accepted Answer

Form 1095-A

Answer

Form W-2

Answer

Form 1040-EZ

Answer

Form 8962 only

Question 5

What happens when a consumer's actual year-end income is higher than the income they estimated when enrolling?

Accepted Answer

They may owe back some or all of the excess APTC received

Answer

They keep the full APTC with no adjustment

Answer

They automatically receive a larger credit next year

Answer

Their plan is retroactively terminated

Question 6

At what Federal Poverty Level percentage does APTC eligibility begin for most Marketplace consumers?

Accepted Answer

100% FPL

Answer

50% FPL

Answer

133% FPL

Answer

138% FPL