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Do individuals that receive subsidies for their health care plan have to pay taxes on it?

I just read a comment somewhere that stated that people that receive subsidies for their health care plan will either get a 1099, or it will be declared on their W2 and they will pay taxes on the subsidy money as income. Anyone know if this is true?

And if the subsidy amount pushes individuals into a higher tax bracket where they are taxed at a higher percentage of income, does this not do more to hurt the individual?

*not debating needs of health care, I'm looking at this in strictly a financial terms.

 
QuinnMae

Asked by QuinnMae at 10:13 AM on Nov. 19, 2013 in Politics & Current Events

Level 48 (291,879 Credits)
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