If you have a Marketplace health plan and your income or household has recently changed, you should report the major life change as soon as possible.
Major life changes — like higher or lower income, adding or losing household members, or getting other health coverage — may affect the health insurance or savings you’re eligible for.
If you don’t report changes, you could wind up owing more — or less — when you file your next federal tax return. Avoid surprises by keeping your information up-to-date.
Want a better idea of how your savings may change? Use this tool from the IRS to estimate how your premium tax credit will change if your income or family size change.