Which of the following statements is incorrect regarding qualifying criteria for the health insurance premium tax credit?
A)The insurance policy must be purchased directly from an insurance company.
B)Household income must be below designated levels.
C)The taxpayer cannot have access to affordable essential coverage through an employer.
D)The individual may not be eligible as a dependent of another taxpayer.

Question

Quizplus · Accepted Answer

The statement that the insurance policy must be purchased directly from an insurance company is incorrect. The policy can also be obtained through the Health Insurance Marketplace.

Which of the Following Statements Is Incorrect Regarding Qualifying Criteria