Ernie Harris

1. Individual & Family Health Insurance
2. Healthcare Subsidy Information
3. If I Underestimate My Income to Get a Subsidy, What Will Happen?

Hi frauleindichter,  1. You can read more about how to calculate MAGI (what subsidies are based off) here:  What is Modified Adjusted Gross Income (MAGI)? 2. The best way to make sure you do not ow...

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• Ernie Harris
• February 05, 2019 19:38
• 0 votes

1. Individual & Family Health Insurance
2. Healthcare Subsidy Information
3. If I Underestimate My Income to Get a Subsidy, What Will Happen?

Hi Deeann,  What I can tell you is that the best way to avoid a penalty is to report any changes in income throughout the year to healthcare.gov. When you sign up through an insurance agency (like ...

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• Ernie Harris
• January 28, 2019 21:59
• 1 vote

1. Individual & Family Health Insurance
2. Healthcare Subsidy Information
3. If I Underestimate My Income to Get a Subsidy, What Will Happen?

Hi Lavonne,  I'd reach out to a tax professional for more specifics, but generally speaking you are only penalized when you report making significantly less than what you actually earned.  Medicaid...

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• Ernie Harris
• January 18, 2019 22:08
• 2 votes

1. Individual & Family Health Insurance
2. Healthcare Subsidy Information
3. If I Underestimate My Income to Get a Subsidy, What Will Happen?

Hi Deborah,  Your best option will be to talk to a tax professional. They will be able to walk you through all your options.If your income changes throughout the year, you should always report thos...

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• Ernie Harris
• April 19, 2018 18:55
• 1 vote