US Medical Term · financial
Reconciliation
Conciliación
In 9 languages
| Language | Term |
|---|---|
| English | Reconciliation |
| Spanish (Español) | Conciliación |
| Chinese (中文) | 保费税收抵免核对 |
| Korean (한국어) | 보험료 세액공제 조정 |
| Vietnamese (Tiếng Việt) | Đối chiếu Tín dụng Thuế Phí bảo hiểm |
| Filipino (Tagalog) | Rekonsiliasyon ng Premium Tax Credit |
| Portuguese (Português) | Conciliação do Crédito Fiscal de Prêmio |
| Thai (ภาษาไทย) | การกระทบยอดเครดิตภาษีเบี้ยประกัน |
| Japanese (日本語) | プレミアム税額控除の調整 |
What it means
In the ACA context, reconciliation is the process of settling the difference between the advance premium tax credits (APTC) you received during the year and the amount you were actually entitled to based on your final income. You complete this on IRS Form 8962 when you file your federal tax return. If your income was lower than estimated, you may receive an additional refund. If your income was higher, you may owe some or all of the advance credits back. Updating your income estimate during the year at the marketplace can reduce the chance of owing a large repayment at tax time.
How to say it
Sentences a patient might use with a doctor, nurse, pharmacist, or insurer:
rek-un-SIL-ee-AY-shun
conciliación del crédito fiscal de prima
Also called 'APTC reconciliation' or 'premium tax credit reconciliation'
También llamada 'conciliación del crédito anticipado de prima'
Tax preparers ask: 'Did you receive marketplace insurance and APTC last year?'
'¿Recibió seguro del mercado y APTC el año pasado?'
Where you'll see it
Related terms
Sources
Last reviewed: September 2026