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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.

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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 20:00:002022-11-17 14:00:29Remember to update us when your income & household changes

Resources

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

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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

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