How to Update Your Income for ACA Plans to Qualify for Subsidies

If your income has changed as a result of the coronavirus (COVID-19) pandemic, and you are covered by an ACA on-exchange health insurance plan, you may qualify for additional subsidies. Please update your application in accordance with any income or household changes as soon as possible to find out if you are eligible for savings.

You can update your income information by logging in to your Healthcare.gov account and clicking on “Report a Life Change”.

If your income estimate increases or you lost a household member, you may qualify for less savings than you are receiving now. If you don’t report the change, you may have to pay money back when you file your federal tax return.

On the other hand, if your income estimate goes down, you may qualify for more savings, which could lower what you pay in monthly premiums. You may also qualify for free or low-cost coverage through Medicaid or the Children’s Health Insurance Program (CHIP).

Contact your ARC representative with any questions.