If your household income has changed, you should let the Marketplace know as soon as possible. Your new income can affect the health coverage or savings you’re eligible for.
Why update your application with income changes?
- Did your income go down? You could qualify for more savings than you’re getting now. This could lower what you pay in monthly premiums.
- Did your income go up? You may qualify for less savings than you’re getting now. If you don’t report the change, you might have to pay money back when you file your federal tax return.
How to report income changes
Get more information on reporting income and household changes after you’re enrolled.