Only 5 percent hit the nail on the head concerning their Obamacare health insurance subsidy last year.

The premium discount — which has been challenged at the U.S. Supreme Court level — is based upon individual/family income. The Kaiser Family Foundation did a little investigation into the accuracy of income estimates, and found that only 5 percent of those who applied for the subsidy don't have to repay part of it or will receive a refund.

Of those who got subsidies, 50 percent will have to kick some dough back to the feds come tax time. Another 45 percent are going to get a check in the mail because their subsidy was too small, Kaiser said. The average amounts are pretty darn close in both cases.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dan Cook

Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.