Under the American Rescue Plan (ARP), you may qualify for additional advance premium tax credits (APTC) to further lower the cost of health coverage through Pennie. It is important to Pennie that you are able to apply the full amount of your Advanced Premium Tax Credits (APTC) to lower your monthly premiums. This includes the American Rescue Plan (ARP) enhanced benefits that are retroactive to January 1, 2021.
Starting in July, Pennie will apply any past APTC owed to you due to ARP by applying the difference between the total amount of APTC you are now eligible for, and the APTC you have already used, evenly across your monthly premiums through the end of year. Any additional tax credits owed at the end of the year that were not applied to your current enrollment will be available to you through a tax refund when you file your 2021 federal tax return.