Reporting income & household changes after you’re enrolled
If you’re enrolled in a Marketplace plan and your income or household changes, you should update your application with income and household changes as soon as possible.
Why it’s important to update your application immediately
- If your income estimate goes up or you lose a household member:
- You may qualify for less savings than you’re getting now. If you don’t report the change, you could have to pay money back when you file your federal tax return.
- If your income estimate goes down or you gain a household member:
Find out how your savings may change
If you need to cancel your plan
Some changes — like starting Medicare coverage or getting a job-based insurance offer — require you to cancel your Marketplace plan. Or you may want to cancel coverage for another reason.