How can filing an extension on your taxes affect your subsidy?

For everyone receiving a subsidy for your health insurance. If you obtained an extension on filing your income taxes, consider filing the federal tax form by August, if not sooner. It can take the IRS three to twelve weeks to process a return and further delay may impact your ability to auto renew. This may mean having to complete the PEAK applications more often than normal or receiving an incorrect subsidy amount.

Leave a Reply