Which of the following factors would prevent someone from receiving an Advanced Premium Tax Credit?

Study for the Idaho Marketplace Test. Use our comprehensive flashcards and multiple-choice questions, featuring detailed hints and explanations. Get prepared for your marketplace exam today!

The correct choice highlights a key component of eligibility for receiving an Advanced Premium Tax Credit (APTC). To qualify for an APTC, individuals must meet certain income thresholds based on the federal poverty level.

Being a resident of California, or any state for that matter, does not inherently prevent someone from receiving an APTC. In fact, California actively participates in the Affordable Care Act (ACA) marketplace, providing opportunities for residents to access subsidies based on their income.

In contrast, having a high income is a disqualifying factor. If an individual's income exceeds 400% of the federal poverty level for their household size, they are not eligible for APTC, no matter their residency status. Thus, this suggests that income level is crucial in determining the award of the tax credit, reinforcing the importance of understanding how income levels interact with healthcare subsidies under the ACA.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy