Information found on IRS.gov
If you enrolled in insurance coverage via the Health Insurance Marketplace, you must report changes to the Marketplace, such as changes to your household income or family size. Changes may affect your eligibility for the advance payments of the premium tax credits.
Some of the changes in circumstances that you should report to the Marketplace include:
- increase or decrease in your income
- marriage or divorce
- birth or adoption of a child
- starting a job with health insurance
- gaining or losing your eligibility for other health care coverage
- changing your residence
There is still time left this year to report changes. Reporting changes will help you avoid getting too much or too little advance payment of the premium tax credit. Getting too much means you may owe additional money or get a smaller refund when you file your taxes. Getting too little could mean missing premium assistance to reduce your monthly premiums.
For the full list of changes you should report, visit www.healthcare.gov/how-do-i-report-life-changes-to-the-marketplace.
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