GREENVILLE, SC – TrueHeart Insurance is issuing an urgent reminder to clients regarding the April 15 tax filing deadline, which now carries significant implications for health insurance coverage. For Open Enrollment 2025, Failure to File and Reconcile (FTR) operations have resumed, meaning consumers may become ineligible for advance payments of the premium tax credit (APTC) if they didn’t file taxes in 2022 and 2023.
“Many people don’t realize that failing to file taxes can actually result in their health insurance policies being canceled,” said Joshua Dixson, insurance broker in Greenville, SC. “Current clients who are eligible for APTC may lose their coverage as soon as May if they haven’t filed and reconciled their premium tax credits for both 2022 and 2023.”
TrueHeart Insurance has been serving both English and Hispanic communities in the Upstate of South Carolina since 2013 and has grown to become one of the largest health insurance agencies in Greenville, SC. The agency is now taking proactive steps to inform clients about this critical requirement and assist them through the process.
The situation is becoming even more stringent with a new Proposed Rule that would reduce the FTR threshold to just one year instead of two. This means that in the future, consumers could become ineligible for APTC after failing to file and reconcile taxes for just one year, emphasizing the importance of establishing good tax filing habits, especially for those having insurance.
“We’ve built our reputation on providing peace of mind through strong and affordable health insurance coverage,” Dixson added. “Part of that responsibility is keeping our clients informed about requirements that could affect their coverage.”
For individuals who need to retroactively file or amend previous tax filings to reconcile premium tax credits, TrueHeart Insurance recommends acting before the April 15 deadline. Clients seeking assistance or more information about how these requirements affect their health insurance in Greenville, SC or other policies can contact TrueHeart Insurance at https://www.trueheartinsurance.com/ or call their office directly to speak with a representative.
Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Media ContactCompany Name: True Heart Insurance | Insurance agency in Greenville, SCContact Person: Joshua DixsonEmail: Send EmailPhone: +1 864-365-2724Address:24 Blanche Rd City: GreenvilleState: South Carolina 29617Country: United StatesWebsite: https://www.trueheartinsurance.com/
