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Shelly Rogers
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Shelly Rogers   My Press Releases

Health Insurance and your Taxes

Published on 4/4/2015
For additional information  Click Here

Health Insurance and your Taxes

Health Insurance logo plus IRS logo. Health Insurance and your taxes.

If you received a Government subsidy last year, you could face a huge Tax surprise.

Subsidies, they are great!  But you HAVE to get your income correct!  When you tell Nevada Health Link you will make a certain amount of money in a year and you receive a subsidy from the government to help pay your health insurance premiums, you must notify them of any changes.
If you forget to make an adjustment to your income or even your family size, and the government keeps subsidizing your health insurance, you will have that money taken out of your tax refund when you file your taxes.
We suggest you call your health insurance agent and let them know you’ve gotten a raise. Let them handle this for you.

You do have an agent, right?

An agent costs you nothing, the insurance company pays them to help you.

Read why it’s smart to have an agent represent you :  CLICK HERE

If you’ve had a “Life Event” like having a baby, get divorced, married or adopt, and have a health insurance plan through the Nevada Health Link that has a subsidy, you’ve GOT to let them know.  This is an on-going process.  Anytime you fill out a health insurance application through Nevada Health Link and get a subsidy, you cannot expect to fill out the application once a year and figure you are done until the next year.  Any “Life Event” will affect your “APTC” (including changes to your income), up or down.  These changes affect your advanced premium tax credit amount.
The “Advanced Premium Tax Credit” (APTC) is the subsidy (the monthly amount the government is paying to help you pay your premiums) that helps you afford your health insurance plan.  The IRS at the end of the year will adjust what you’ve received, and what you should have received, and that will be taken from your tax refund, or worse, you’ll have to pay the IRS back.  If your income went down, or you had more people in your family to support on the same income, then you may be entitled to get a larger tax refund.


Don’t misrepresent your income.  It will come back to bite you!

If you have an income that goes up and down monthly, you’ll want to make those changes monthly. You can also estimate your yearly income and at the end of the year, the IRS will calculate if you were over-subsidized (received too much subsidy and you owe money), or under-subsidized (you get a refund).
This is even more reason to have a qualified health insurance broker assist you.
Call today and talk with an educated, experienced and caring professional…for no additional charge!
Thank you for considering Nevada Insurance Enrollment Marketplace for your health insurance needs.

Shelly Rogers

Nevada Insurance Enrollment Marketplace

Licensed Agent #560016

Phone: (702) 898-0554

Toll Free:  1 (888) 600-0554


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Authorized Agent for:  Nevada Health Link, Anthem Blue Cross / Blue Shield, United Healthcare, Sierra Health and Life, Health Plan of Nevada, Aetna, Assurant Health,  Coventry, Humana, Nevada Health CO-OP, Prominence, Cigna, Manhattan Life, Mutual of Omaha

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