Healthcare.gov and Gift Tax IRS Form 709?

I want to register for Healthcare.gov plan for next year, but next year I will do a gift tax to my son (dependent) and file form 709 with the IRS as well as transfer my home to my son (dependent).

My son would also be my dependent on healthcare.gov application.

Question is, I don't want to pay the full price for the year 2024 and then healthcare.gov or the IRS says the year after next year that the gift tax is considered "income" to my son the dependent therefore there will be no premium tax credit from healthcare.gov and the full amount without tax credit would be due.

It's important to say I will be within the Gift Tax Exclusion Limits for 2024 but over the amount I do not have to file form 709 with the IRS, which is why I have to file.

Also, as a side Note, My PCP only accepts PPO plans, which none are available in my area. So my only option would be EPO plans since they do not require a PCP for a referral right? (I will not switch PCP Doctor).

Thank You!

From Healthcare.gov

Exclusive Provider Organization (EPO): A managed care plan where services are covered only if you use doctors, specialists, or hospitals in the plan’s network (except in an emergency).

Health Maintenance Organization (HMO): A type of health insurance plan that usually limits coverage to care from doctors who work for or contract with the HMO. It generally won't cover out-of-network care except in an emergency. An HMO may require you to live or work in its service area to be eligible for coverage. HMOs often provide integrated care and focus on prevention and wellness.

Point of Service (POS): A type of plan where you pay less if you use doctors, hospitals, and other health care providers that belong to the plan’s network. POS plans require you to get a referral from your primary care doctor in order to see a specialist.

Preferred Provider Organization (PPO): A type of health plan where you pay less if you use providers in the plan’s network. You can use doctors, hospitals, and providers outside of the network without a referral for an additional cost.

submitted by /u/solutionseeker3
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