SO I bought health insurance for my family of 4 through MD Health Connection, because of our income we qualified for $800 a month in subsidies. When I filed our taxes our tax guy said basically they were taking all of those subsidies out of our refund and ate our whole Federal return! (Why it came out of fed and not state I still don't know) I was confused by this because we made under what I claimed in our application and it was my basic understanding that if my claim was accurate we wouldn't have to pay those subsidies back.
I spent all day on the phone with MDHC and the IRS to find out why this was happening; at a loss I asked Chat GPT (I'm typically not a frequent user because of the environment but I wasn't getting anywhere with anyone else) Chat pointed out on my 1095A the SLCSP they put down ($218) was probably what was messing up my tax return. I learned that was a heinously low number as SLCSP is the Second Lowest Cost of a Silver Plan which for a family of 4 would be waaaay higher.
I called Marketplace right away, excited that I figured it out and could get if fixed. The rep herself was really nice and I felt bad she had to play telephone for an hour because her supervisor was telling her that the SLCSP is calculated post subsidies. I found out from a quick search that was wrong SLCSP is supposed to be a pre credit average.
So not only is Marketplace sending out incorrect 1095As, their reps are being told to argue false information. And as someone with two small kids the $3000 that this ate out of my taxes would be very useful.
So if anyone has any experience with this please let me know, now I have to wait up to 2 weeks for escalations and also I wanted to share so if anyone else finds themselves in this situation to not just let them take your return without research. I almost accepted this and I'm glad I chose to fight it.
Posted by Neat-Ad163