No. It means the gov will cover up to $1,100 of your monthly premium for health insurance in 2023 as long as you are eligible for Marketplace assistance. If you elect to pay the full premium yourself, then yes you can get the full amount refunded as a reimbursement when you file your return in 2024.
If you don't buy Marketplace insurance, then you get nothing.
Zphr t1_iy4h3ph wrote
Reply to ELI5: Tax credits for Healthcare by nsstatic
No. It means the gov will cover up to $1,100 of your monthly premium for health insurance in 2023 as long as you are eligible for Marketplace assistance. If you elect to pay the full premium yourself, then yes you can get the full amount refunded as a reimbursement when you file your return in 2024.
If you don't buy Marketplace insurance, then you get nothing.