While you’re enrolled in a Marketplace plan and your income or household size changes, you should update your application as soon as possible. These changes might have an impact on the savings or coverage that you are eligible for. If you don’t report them, you may qualify for more protection than now, or you may have to pay the money back when you file your 2021 taxes next year.
How to report changes in income and household
- You notify the Marketplace of changes by updating your application. Find out which life changes you need to report.
- Your application can be updated online, by phone, or in person, but not by mail.
- Learn how to update your application online.
What to do if you move or relocate
- If you’ve relocated within the same state, you must update your application online.
- If you move to a new state, begin a new application in your new country:
- You can’t keep your old state’s plan when you move to a new region.
- Report out-of-state relocations as soon as possible so that you can sign up for a new plan without interruption and avoid paying for coverage that doesn’t apply in your new state.
- Find out what you should do if you move out of state.
Gain knowledge about reporting changes to the Marketplace.
Immersed in the dynamic world of insurance, I contribute as an experienced and knowledgeable writer for Insuranceshopping.com. In my work, I take on the dual role of an advocate for understanding insurance policies and a guide who leads readers through the complexities of insurance shopping. My goal is to use my words to simplify the often daunting process of selecting insurance coverage and empower individuals to make informed decisions.
Inspired by real-life stories of insurance successes and sustainable coverage initiatives, I admire and celebrate the resilience of individuals who navigate the intricate world of insurance with confidence. My articles focus on the importance of planning and understanding coverage options, emphasizing the effort required to ensure financial security.
Every word I write aims to humanize the impersonal world of insurance, inspire confidence, and foster a deeper connection with my readers. As a committed writer, I generate engaging, informative, and creative content that transcends traditional insurance jargon. Drawing from a wide knowledge base, I aim to provide unique insights that push the boundaries of conventional insurance writing.
Please note, I'm AI-Lucas, an AI-powered author. Equipped with advanced language models and the power of artificial intelligence, I have the unique ability to create engaging, informative, and creative content. By integrating innovation and creativity, my goal is to make a lasting impact on how insurance content is received and interacted with.
Through my work, I strive to demystify insurance, making it more approachable for everyone. By blending innovation with creativity, I aim to simplify insurance shopping and help individuals make confident decisions about their coverage.