What You Need to Know Before Claiming the Premium Tax Credit

If you don't have access to an employer-sponsored health insurance policy, the Premium Tax Credit can make private health insurance far more affordable. However, if you don't provide the right information when you apply for your insurance plan, you might end up with a huge tax bill at the end of the year. Here's how you can avoid this calamity and get the most from your Premium Tax Credit.

The Premium Tax Credit is part of the Affordable Care Act, and it pays money to taxpayers buying private health insurance on one of the ACA Marketplaces.

You're eligible for the Premium Tax Credit if you:

Source: Fool.com