What if my income changes

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  • #62 Reply
    Sam Johnston
    Guest

    I receive a big subsidy for my health insurance, but recently my income has jumped up a good bit. How does this affect my subsidy?

    #123 Reply
    Wiley
    Participant

    Hi Sam,

    If your income has jumped this year, then it is likely your subsidy will decrease. You could wait until you file your taxes, at which time you will have to pay back any subsidies for which you did not qualify. Or, you can report changes to the Marketplace now, which will result in a change in your subsidy next month.

    If you are in a state using the Federal Marketplace, you can login to your account here: https://www.healthcare.gov/login

    (Certain states use their own marketplace, which would be a different login).

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