Is Your ACA Tax Credit Safe After You Die?

Do you ever worry about what will happen to your ACA health insurance tax credits if you die? One common misconception is that the IRS will come after your dependents to repay the tax credits you received.

The Truth About Estate Recovery and Medicaid

There is some truth to the estate recovery law, but it only applies to Medicaid long-term care. This means that if you receive Medicaid benefits for nursing home care or other long-term care services, the state may seek reimbursement from your estate after you die.

ACA Tax Credits Are Not Medicaid

ACA health insurance tax credits are not considered Medicaid. They are a subsidy that helps low- and moderate-income Americans afford health insurance. As such, they are not subject to the estate recovery law.

No Repayment Required for ACA Tax Credits

In short, if you receive ACA health insurance tax credits, you do not need to worry about your dependents being forced to repay them after you die. Your dependents will not be held responsible for any tax credits you received.

Peace of Mind

You can rest assured that your ACA health insurance tax credits are safe and secure. You and your dependents will not be required to repay them after your death.

Additional Information

If you have any questions about your ACA health insurance or tax credits, please contact our licensed agent. We can help you enroll in a plan, answer your questions, and provide peace of mind.

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Reach out to us for free expert insurance advice and solutions. We will help you solve ACA (Obamacare) related questions and problems. Will contact you within 24 hours of receiving your message.

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