WA Healthplan finder and subsidy

I want to ensure I don't owe a bunch of money when I file my tax return for subsidies I'm receiving.

I updated our income due to receiving some life insurance this month and our premium went up $400 a month from July. I want to be sure that the system accurately calculated so we do not owe a bunch of money at tax time.

Say you got a large payment near the end of the year, would it make those last few months insurance payments really high as it's basing the payments on the whole year divided by how every many months left?

HPF takes into account a yearly income, not what you earned this month So I could earn a lot one month and the rest of the year be broke but it would base the premium off that really good month, Right because it is annual . I hope this is making sense.

I'm perhaps getting a one off settlement in addition to the life insurance payment and I'm wondering if it will make the last 5 months premium sky high. Or worse, I'll owe back money for subsidy.

Just trying to figure it out as might not take settlement in lump sum and may be better to annuitize so it's spread out over a few years rather than a lump sum.

submitted by /u/rosebudlily
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