Maddox Insurance Agency
  • Insurance Products
  • Get Your Quote
  • About
  • Insurance News
  • Contact
  • Home
  • Menu Menu

Remember to update us when your income & household changes

May 4, 2022

If you have Marketplace coverage and your income or household size recently changed, update your application to let the Marketplace know. These changes may impact the coverage or savings you’re eligible for, like you may qualify for more savings than you’re getting now. Act quickly so you don’t miss out.

What changes to report

  • Income changes (like if you got a raise)
  • Household changes (like if you had a baby or got married)
  • Status changes (like a change in disability or citizenship status)

Get the full list of changes to report.

Why update your application right away

Depending on your changes, you may qualify for more or less savings. Telling us will make sure your savings are correct.

  • If your income goes up or you lose a family member, you may qualify for less savings than you’re getting now.
  • If your income goes down or you gain a household member, you may qualify for more savings. You could also qualify for free or low-cost coverage through Medicaid or the Children’s Health Insurance Program (CHIP).

If you don’t update, you may miss out on additional savings or pay money back when you file your taxes.

How to report changes

There are 3 ways to report changes to the Marketplace:

  • Update your application online
  • By phone
  • In-person 

We don’t accept changes by mail. Find the steps for your preferred method to update.

https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png 512 512 wpmaddoxins https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.png wpmaddoxins2022-05-04 20:00:002022-05-05 14:59:15Remember to update us when your income & household changes

5 preventive services covered by Marketplace plans

April 20, 2022

All Marketplace plans cover a set of preventive services to prevent illness, disease, and other health problems at no cost to you, even if you haven’t met your yearly deductible. These services are free only when you get them from a doctor or other provider in your plan’s network. Contact your health plan to see which providers are “in-network.”

5 common preventive health services

Preventive services include things like screenings, tests, check-ups, and counseling. Here are 5 benefits available to adults with Marketplace coverage.

  • Blood pressure screenings
  • Cholesterol screenings (for certain ages and people at high risk)
  • Depression screenings
  • Immunizations
  • Obesity screenings and counseling

See the full list for adults. Other services are also available to women and children.

Get more information on preventive care

  • Take advantage of these free services to help find health problems early, when treatment is likely to work best. Talk to your provider about what’s right for you.
  • Get more information on preventive and wellness services for your whole family.
https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png 512 512 wpmaddoxins https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.png wpmaddoxins2022-04-20 20:00:002022-04-22 15:02:105 preventive services covered by Marketplace plans

Farmers Insurance® is named one of the Fortune 100 Best Companies to Work For® in 2022 by Great Place to Work®

April 12, 2022
https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png 512 512 wpmaddoxins https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.png wpmaddoxins2022-04-12 11:02:002022-04-12 15:01:16Farmers Insurance® is named one of the Fortune 100 Best Companies to Work For® in 2022 by Great Place to Work®

2021 Marketplace coverage? Beat the filing deadline & get tax tips

April 6, 2022

The last day to file your 2021 federal income taxes is April 18, 2022 – that’s less than 2 weeks away! If anyone in your household had Marketplace health coverage in 2021, you should have received Form 1095-A, Health Insurance Marketplace® Statement. (If you didn’t get the form online or by mail, contact the Marketplace Call Center.)

How to use Form 1095-A

  • If your form is correct, use it to “reconcile” your premium tax credit. If you find a mistake, contact the Call Center. We’ll send you a new, updated form. Don’t file until you have a correct form.
  • To “reconcile,” you’ll compare the amount of premium tax credit you used during the year with the premium tax credit you qualify for based on your final income. Any difference will affect your refund or the amount of taxes you owe.
  • Get a step-by-step guide to “reconciling” your premium tax credit.

Didn’t have Marketplace coverage in 2021?

  • If you got your 2021 health coverage somewhere else, like through your job or outside the Marketplace, you’ll get a different form and follow different steps.
  • Choose your 2021 health coverage status for the steps and forms for your situation.

 

https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png 512 512 wpmaddoxins https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.png wpmaddoxins2022-04-06 20:00:002022-04-07 15:00:102021 Marketplace coverage? Beat the filing deadline & get tax tips

Farmers Insurance® Assisting Customers Impacted by Severe Storms and Tornadoes in Multiple Southern States

March 24, 2022
https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png 512 512 wpmaddoxins https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.png wpmaddoxins2022-03-24 19:18:002022-03-25 15:01:45Farmers Insurance® Assisting Customers Impacted by Severe Storms and Tornadoes in Multiple Southern States

You may qualify for a Special Enrollment Period with a life event

March 23, 2022

Open Enrollment for 2022 is over, but you may still qualify to enroll in or change Marketplace coverage for the rest of the year if you’ve had a recent life event. Getting married, having a baby, moving, and losing health coverage all count. (Note: These are the most common life changes; here’s the full list of qualifying life events). In addition to having a life event, you may also qualify based on your estimated household income.

Do I qualify for a Special Enrollment Period?

  • Answer a few quick questions to see your coverage options.
  • If you already know you qualify, create an account or log in to an existing one to enroll in or change Marketplace coverage for 2022.
  • If eligible, you may be asked to submit documents to confirm your life event before you can enroll.

Does my income change make me eligible for Medicaid or CHIP?

  • When you visit our screener at HealthCare.gov, we’ll also tell you if you may qualify for free or low-cost health coverage through Medicaid or the Children’s Health Insurance Program (CHIP).
  • If you may be eligible, we’ll send your information to your state agency, and they’ll contact you with next steps.

Learn more about 2022 coverage options.

https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png 512 512 wpmaddoxins https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.png wpmaddoxins2022-03-23 20:00:002022-03-24 15:02:40You may qualify for a Special Enrollment Period with a life event

How to file taxes using Form 1095-A, Health Insurance Marketplace® Statement

March 9, 2022

Attention: There’s less than one month until the April 18, 2022 tax filing deadline. If anyone in your household had a Marketplace plan in 2021, you’ll use Form 1095-A, Health Insurance Marketplace® Statement to file your federal taxes. This form came from the Marketplace, not the IRS. Make sure this form is correct, then store it with your other important tax information.

Can’t find Form 1095-A? Check online

If Form 1095-A didn’t arrive in the mail or you can’t find it, check your HealthCare.gov account:

  1. Log in to your HealthCare.gov account.
  2. Under “Your Existing Applications,” select your 2021 application — not your 2022 application.
  3. Select “Tax Forms” from the menu on the left.
  4. Download all 1095-As shown on the screen.

If you still can’t find your form, contact the Marketplace Call Center.

How to use Form 1095-A

  • You’ll use this form to “reconcile” — find out if there’s any difference between the premium tax credit you used and the amount you qualify for – on your taxes.
  • Before you start, make sure it’s right.  If you filed your taxes with an incorrect form, you may need to file an amended tax return using the correct information.
https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png 512 512 wpmaddoxins https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.png wpmaddoxins2022-03-09 19:00:002022-03-10 14:04:14How to file taxes using Form 1095-A, Health Insurance Marketplace® Statement

Health care & 2021 taxes: What you need to know

February 23, 2022

The 2021 tax filing season ends April 18, 2022. Here’s how you can get ready if you had Marketplace coverage at any point in 2021.

1. Keep Form 1095-A in a safe place 

  • Your 1095-A should have arrived in the mail. It came from the Marketplace, not the IRS.
  • This form includes information about Marketplace plans anyone in your household had in 2021.
  • It may also be available online in your HealthCare.gov account. If you don’t have a paper copy, check your account before calling the Call Center.

2. Check that your Form 1095-A is correct

  • Make sure your household and coverage information, the “second lowest cost Silver Plan“, and the monthly premium are correct.
  • If you find a mistake, contact the Marketplace Call Center. We’ll send you an updated copy to file.

3. “Reconcile” with your correct Form 1095-A

  • Use the information from your correct Form 1095-A to complete Part II of Form 8962 (PDF, 110 KB).
  • The chart on this page shows how to “reconcile”.
  • If there’s a difference between the amount of premium tax credit you used during the year and the premium tax credit you actually qualify for, this may affect your refund or the amount of taxes you owe.
https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png 512 512 wpmaddoxins https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.png wpmaddoxins2022-02-23 19:00:002022-02-25 14:00:26Health care & 2021 taxes: What you need to know

How to use your new Marketplace insurance

February 9, 2022

Congratulations on getting covered for 2022. At HealthCare.gov, we’re here to help you understand how to use your new coverage. Get answers to common health insurance questions.

Read more

https://www.maddoxinsured.com/wp-content/uploads/2022/02/how-to-use-2022-marketplace-insurance.png 640 960 wpmaddoxins https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.png wpmaddoxins2022-02-09 19:00:002022-02-10 14:04:04How to use your new Marketplace insurance

Farmers Insurance® Earns Top Score in Human Rights Campaign Foundation's 2022 Corporate Equality Index

January 27, 2022

For the fourth consecutive year, Farmers® earns 100 on the Human Rights Campaign Foundation’s annual assessment of LGBTQ+ workplace equality

https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png 512 512 wpmaddoxins https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.png wpmaddoxins2022-01-27 09:03:002022-01-27 14:00:51Farmers Insurance® Earns Top Score in Human Rights Campaign Foundation's 2022 Corporate Equality Index
Page 1 of 11123›»

Resources

  • US Small Business Administration
  • Shelby County TN Business Tax Division

Latest News

  • People Moves: WTW Reshapes M&A Practice; Starr Names Relationship Leader; Cover Genius Adds 2May 13, 2022 - 10:15 AM
  • 4 Things Small Businesses Can Do to Protect Against CyberattacksMay 13, 2022 - 8:50 AM
  • Study Links Cleaner Air to More Atlantic HurricanesMay 13, 2022 - 8:28 AM
  • Powell Says Fed Will Fix Inflation, Calls Price Stability ‘Bedrock’ of EconomyMay 13, 2022 - 1:10 AM
  • TikTok Sued After 10-Year-Old Dies in ‘Blackout Challenge’May 13, 2022 - 1:04 AM
 

Maddox Insurance Agency

Insurance Agency in Memphis, Tennessee

Main Office

2151 Courtland Place | Memphis, TN 38104

Licensed in Tennessee, Mississippi & Arkansas

Contact

Phone: (901) 335-0154
Fax: (901) 255-9141

Lee.Maddox@maddoxinsured.com

Follow Us On

© 2022 Maddox Insurance Agency, All Rights Reserved. | Website Hosting by K.Tek Systems Inc.
  • Get Quote
  • Insurance Products
  • Contact
  • Home
Scroll to top