Question

Medical Insurance and Freelancing

Forum|Forum|4 years ago
October 27, 2021
1 reply
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I recently had surgery and I'm covered by my insurance from the ACA. However, my current premium is based on last year's income. I am going to earn more this year and I want to know if I'll owe money in the future on any medical bills.

A

AmitaR

If you have insurance then the out of pocket expenses on your medical bills are your Deductible and Co-Pay.

The amount of Deductible and Co-pay depends on the type of Insurance Policy you choose and the premium is based on the policy you choose and the Insurance from ACA will base their premium on the your Income from Prior Year Tax Return. You will receive a Form 1099-A from the Market Place to reconcile with your taxes.

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