I know there are a lot of ACA gurus that hang out here and I might have to join the ranks pretty soon if DW loses her job (which is likely).
Quick question: When applying for insurance through the federal marketplace will I have to report my income as it is currently, or do I report what I "think" it will be going forward? At this point, we wouldn't qualify for any kind of subsidy with our current income, but without her income I can probably come up with whatever MAGI I want to going forward. I assume there is a "sweet spot" to drive towards?
SIL found out today that his office is closing last quarter of this year, so my DD and family might also be looking at ACA. When it rains, it pours!
Quick question: When applying for insurance through the federal marketplace will I have to report my income as it is currently, or do I report what I "think" it will be going forward? At this point, we wouldn't qualify for any kind of subsidy with our current income, but without her income I can probably come up with whatever MAGI I want to going forward. I assume there is a "sweet spot" to drive towards?
SIL found out today that his office is closing last quarter of this year, so my DD and family might also be looking at ACA. When it rains, it pours!