Reporting life & income changes to the Marketplace

Reporting income and household changes: what you need to know

Once you have Marketplace health insurance, you must report changes to your income, household, address, and health coverage eligibility as soon as possible. These updates may change the coverage or savings you’re eligible for.

Take action to report changes

Why you should report changes immediately

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Marketplace Matters: Reporting a Change

  • If your income goes up or you lose a member of your household: You may qualify for less savings than you’re getting now. If you don’t report the changes, you could wind up having to pay money back when you file your federal tax return for the year.
  • If your income goes down or you gain a household member: You could qualify for more savings than you’re getting now. This could lower the amount you pay in monthly premiums. You could also qualify for Medicaid or CHIP coverage.
  • If your change qualifies you for a Special Enrollment Period: Some life changes – like getting married, having a baby, or losing other health coverage – qualify you for a Special Enrollment Period. This means you can change health plans outside the annual Open Enrollment period.

Learn more from the IRS about how household and income changes can affect your premium tax credit.

Reporting changes and cancelling your plan

With some life changes – like starting Medicare coverage or getting a job-based plan – you may need to cancel your Marketplace health plan. You may want to cancel your plan for other reasons.

Learn how to cancel your plan.