When to Report New Income and ACA?
I'm retired, single, 61, with no income except investments. I estimated my income to be 35K for 2019 and I'm on track for that only if I add on a 10K Roth Conversion. I have a Gold ACA plan and I pay $260 month and get a Subsidy of $646 month. I have Kaiser insurance and they have informed me that in 2020 I will only have to pay $212 month.
I am leaving retirement. I got a full time job which starts on Dec 9. The salary will be well over 44K a year, the max income to qualify for subsidy. I would get a check for 1 or 2 weeks of work before the end of December. Healthcare benefits will start Feb 1.
I only need insurance coverage for January. I have to renew my current plan by the enrollment deadline Dec. 15. When should I report my income change? Before or After I get my first check?