No. Unlike premium tax credits, which are reconciled each year based on the income you actually earned, cost sharing reductions are not reconciled Western Poverty Page 177 * Kaiser Foundation FAQ’s However, you will have to pay any received premium assistance back up to a certain amount. Also, you are mandated to report income changes within 30 days. You also promised in the Covered CA application to report income changes within 30 days. Use the search feature ctrl – f and put in “changes.” It’s used 14 times.
Federal Code of Regulations
§156.410 Cost-sharing reductions for enrollees.
§156.420 Plan variations.
§156.425 Changes in eligibility for cost-sharing reductions.
§156.430 Payment for cost-sharing reductions.
§156.440 Plans eligible for advance payments of the premium tax credit and cost-sharing reductions.
§156.460 Reduction of enrollee’s share of premium to account for advance payments of the premium tax credit.
§156.470 Allocation of rates for advance payments of the premium tax credit.
§156.480 Oversight of the administration of the cost-sharing reductions and advance payments of the premium tax credit programs.
Related Pages in the MAGI Income Section
- Earning more than 138% of FPL Federal Poverty Level
- Enhanced Silver – What is it?
- Full Scope Medi-Cal vs Silver 94?
- Pay back if you earn more than estimated?
- Where’s the enhanced silver on the quote?