Did your income change? Let the Marketplace know
Published on July 19, 2018
If your household income has changed, you should let the Marketplace know as soon as possible. Your new income can affect the health coverage or savings you’re eligible for.
Why update your application with income changes?
- Did your income go down? You could qualify for more savings than you’re getting now. This could lower what you pay in monthly premiums.
- Did your income go up? You may qualify for less savings than you’re getting now. If you don’t report the change, you might have to pay money back when you file your federal tax return.
How to report income changes
- You can update your application online, by phone, or with someone in your community.
- Reporting changes online is the fastest and easiest way. Get screen-by-screen uploading directions, with pictures (PDF), or follow these steps.