Which of the following statements is FALSE regarding the Franchise Tax Board Premium Assistance Subsidy? Advance Premium Assistance Subsidy paid throughout the year will need to be reconciled at the end of the year with the actual Premium Assistance Subsidy allowed based on the actual household income for the year, less federal Premium Tax Credit amounts. Individuals who purchased a qualified health care plan through Covered California, may be eligible to receive financial assistance to help pay the insurance premiums, known as the Premium Assistance Subsidy. Premium Assistance Subsidy and Advance Premium Assistance Subsidy are reconciled on California Form 3849, Premium Assistance Subsidy. The Form 1095-A, Health Insurance Marketplace Statement, is used to report the California premium assistance paid to the household's health insurance plan