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Repurcussions of Obamacare

Well, as people are figuring out their taxes, those folks who did take the Advanced Premium Tax Credit to help pay their monthly premium are finding out the true cost of taking help from the government.  Many are unhappy as they are getting hammered on their tax returns because of it.

I was worried about this and tried to warn people.  You can accept the credit at the end of the year but that means you have to be able to pay the new higher premiums all year long at their regular cost.  In order to do this, a person does have to purchase their health insurance through Connect For Health Colorado or they will not qualify for the credits later when they file their taxes.

This should be taken as a lesson for all to be sure to be cautioned when it seems to good to be true......

7 Comments to Repurcussions of Obamacare:

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