Re: Tax credit on health insurance purchased on an exchange: Are these credits refundable, like earned income credit?

When you signed up for the insurance, you were asked if you wanted the subsidy applied to the monthly payment. Most people said, yes, please.

When you file the 2014 tax return, you will calculate the amount of credit your are entitled to and then compare it to the amount of subsidy already received. If the credit is more, you get it and yes, it is refundable. If it's less, you will owe the difference back (subject to caps).

You already got the credit, in the form of a discount on your health insurance

They are a payment toward your insurance premium

they can be or applied to your premium