If you are enrolled in a Marketplace plan and your income or household changes, you should update your application with those income and household changes as soon as possible.
These changes – like higher or lower income, adding or losing household members, or getting offers of other health coverage – may affect the coverage or savings you’re eligible for.
After you finish applying or enrolling, you may be asked to submit documents to confirm your income.
Why It’s Important to Update Your Application Immediately
If your income estimate goes up or you lose a household member: You may qualify for less savings than you’re getting now. If you don’t report the change, you could have to pay money back when you file your federal tax return.
If your income estimate goes down or you gain a household member: You could qualify for more savings than you’re getting now. This could lower what you pay in monthly premiums.
You could also qualify for free or low-cost coverage through Medicaid or the Children’s Health Insurance Program (CHIP).
See Which Changes to Report Below
Changes to your expected income for the year:
(See how to estimate your income and what to include HERE)
Changes in Health Coverage:
- Someone in your household getting an offer of job-based insurance, even if they don’t enroll in it.
- Someone in your household getting coverage from a public program like Medicaid, CHIP, or Medicare.
- Someone in your household losing coverage, like job-based coverage or Medicaid.
- Note: If someone in your household got job-based insurance (either through your employer or through a family member’s) you may want to end your Marketplace plan.
Changes to Your Household or Individual Members:
- Birth or adoption
- Placing a child for adoption or foster care
- Becoming pregnant
- Marriage or divorce
- A child on your plan turning 26
- Death
- Gaining or losing a dependent some other way
- Moving to a permanent address in your state
- Note: Don’t update your application if you move out of state. See what to do when you move out of state HERE.
Corrections to name, date of birth, or Social Security number:
- Report any changes or corrections to your name, date of birth, or Social Security number so they reflect the correct information.
Changes in status:
- Change in disability status
- Change in tax filing status
- Change in citizenship or immigration status
- Change in status as an American Indian/Alaska Native or tribal member
- Incarceration or release from incarceration.
If You Need to Cancel Your Plan:
Some changes, like starting Medicare coverage or getting a job-based insurance offer, require you to cancel your Marketplace plan, or you may want to cancel coverage for another reason. For info on hoot cancel your plan, click HERE.
For assistance in reporting income and household changes to your Health Insurance, or other enrollment or Health Insurance Plan concerns please contact us at (623) 889) 7600!