Benefits. Simplified.

It’s very important to be as accurate as possible when you estimate your income for Exchange/Marketplace coverage because your premium tax credits are based on that estimate and are later checked against your actual income when you file your federal tax return. If your final income ends up higher than what you reported, you may have to repay some or all of the credits you received during the year; if it’s lower, you might be entitled to an additional credit. To avoid surprises at tax time, try to include all expected income sources and update your application during the year if your situation changes. For specific questions about what counts as income, and how MAGI or AGI are calculated for your household, it’s wise to talk with a qualified tax professional.

Our tools and resources are for informational purposes and are designed to help you feel more confident about your healthcare choices. Actual eligibility, income calculations, and credit amounts are determined by the rules and formulas used by the Health Insurance Marketplace, your state Exchange, and the IRS. For guidance on how your specific income sources, MAGI, and AGI are treated, please consult a qualified tax professional.