I have a client I am trying to help...here is her story:
She is self-employed and estimated her 2014 MAGI to be $22,000. Got enrolled in a marketplace plan for 2014 and was paying $145/mo. After she did her taxes she found out that her actual MAGI for 2014 turned out to be $14,000.
Her accountant told her she only gets $500 back from Uncle Sam. I thought that she was supposed to get more than that, considering she paid over $1700 and actually should have been on Medicaid and not paying anything. Does anyone know how this is determined?
She is self-employed and estimated her 2014 MAGI to be $22,000. Got enrolled in a marketplace plan for 2014 and was paying $145/mo. After she did her taxes she found out that her actual MAGI for 2014 turned out to be $14,000.
Her accountant told her she only gets $500 back from Uncle Sam. I thought that she was supposed to get more than that, considering she paid over $1700 and actually should have been on Medicaid and not paying anything. Does anyone know how this is determined?
