Experts: Underestimating income for marketplace health insurance can lead to huge costs at tax time

Pay attention when filing taxes, or you could end up owing the feds thousands of dollars if you bought health insurance through healthcare.gov.

Advisers say higher premiums this year mean that small changes to household income could leave some, particularly older people, facing large bills from the federal government next spring.

Joshua Brooker, a former health insurance agent who now runs an independent advisory firm in Ephrata, said he fears “an unprecedented tax situation” in which a couple earning $65,000 could owe nearly.... Read more

Article originated February 9th, 2017 by Heather Stauffer | Staff Writer for LNP