Consumers who enroll in health insurance through a public marketplace and who qualify for a federal tax credit can choose to have that credit sent to the insurer and thus pay a lower monthly premium, or to receive the credit directly when they file their income tax return. Consumers who qualify for a tax credit are allowed a 90-day grace period on late payments, but if they let coverage lapse entirely, they may have to wait until the next open enrollment period to re-enroll.

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Kaiser Health News

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