How do I get advance payments of the premium tax credit?

When you or a family member applies for Marketplace coverage, the Marketplace will estimate the amount of the
premium tax credit that you may be able to claim for the tax year, using information you provide about your family
composition, projected household income, and other factors, such as whether those whom you are enrolling are eligible
for other, non-Marketplace coverage. Based upon that estimate, you can decide if you want to have all, some, or none
of your estimated credit paid in advance directly to your insurance company to lower your monthly premiums. If you
choose to have advance credit payments made on your behalf, you will be required to file Form 8962 with your income
tax return to reconcile the amount of advance payments with the premium tax credit that you may claim based on your
actual household income and family size, with an exception for certain taxpayers whose 2020 APTC is more than their
2020 PTC . See the Coronavirus Tax Relief section on this page for information specific to tax year 2020.
If you do not opt for advance credit payments or the Marketplace determines that you were not eligible for advance
payments at the time of enrollment, you should determine if you are eligible to claim the credit because your
circumstances changed during the year. To claim the credit, you must file Form 8962 when you file your tax return for
the year, which will either lower the amount of taxes owed on that return or increase your refund.