Enrolled in a 2016 plan? Report household or income changes ASAP.
If you enrolled in or renewed a plan for 2016 and your income or household change – like if you get a job, have a baby, marry or divorce, or get a new offer of health coverage – you should update your application as soon as possible.
Simply log into your HealthCare.gov account and update your application any time until January 31, 2016. When you update your information:
The amount of premium tax credit you can take in advance may change. Your savings on out-of-pocket costs and coverage options could change too.
If you want to, you can change plans based on your new circumstances, or for any reason, until January 31.
Learn more from the IRS about how household and income changes can affect your premium tax credit.
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.