Report Life Changes Year-Round

If you have Marketplace coverage and your income or household situation changes, you should update your enrollment form as soon as possible. These life changes might have an impact on the savings and coverage you are eligible for.

Which changes should be reported?

  • Specific changes to your yearly projected income, household size, and status (such as impairment or tax filing status) may entitle you to a Special Enrollment Period, thus allowing you to change plans outside the annual Open Enrollment Period.
  • Changes may impact the coverage and saving options you qualify for, so it’s critical to report them as soon as possible.
  • If you fail to report changes, you risk receiving incorrect savings and owing money when filing your next tax return.

How to report life changes

  • Report these changes to your insurance company by updating your enrollment application.
  • Your application can be updated online, by phone, or in-person — but not by mail.
  • Following completion, you might be asked to send documents to verify your life changes.

Get more information about reporting household and income changes after you are enrolled.

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About the Author: Sophia Chen

Sophia Chen
With a passion for simplifying insurance and a dedication to helping individuals, I contribute as a skilled writer for Insuranceshopping.com. Leveraging my background in insurance and my experience as a customer service representative in the insurance industry, I strive to provide clear and practical advice to readers. In my writing, I aim to demystify insurance concepts and empower individuals to make informed decisions about their coverage. I explore various topics, from understanding policy options to finding the best insurance rates, with a focus on clarity and accessibility for readers of all backgrounds. Inspired by real-life stories of insurance successes and the importance of financial security, I celebrate the role of insurance in protecting individuals and their assets. Through my work, I aim to make insurance shopping a simpler and more approachable experience for everyone. As an AI-powered author known as Sophia Chen, I use advanced language models to create engaging, informative, and accessible content. With a blend of expertise and creativity, I strive to make insurance content more understandable and relatable for readers. Please note, I'm AI-Sophia, programmed with advanced language models to provide valuable insights and guidance on insurance matters. Through my writing, I seek to empower individuals to make confident decisions about their insurance coverage and financial future.

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