I registered for ACA health coverage, for the first time, back in early September, and now I’m in the process of re-registering for 2022. I have a basic plan from Molina (in the state of Michigan), and with my tax credits I’m paying only $4.88/month. After opening this policy, I left my restaurant job to pursue an opportunity which promised similar pay but better working conditions. That opportunity did not pan out, unfortunately. At this moment, I am unemployed. I could go back to my old restaurant gig, but I’m holding off for as long as I can, and looking for better work.
I like my current coverage, and paying the low, low premium won’t be a problem. But if I report my current monthly income of $0.00 during this round of ACA registration, “they” will cancel my marketplace plan and kick me over to Medicaid. And then, a month or two from now when I’m either back at my old job or working somewhere new, “they” will kick off Medicaid, back to the marketplace. This seems silly and unnecessary to me.
What’s more important in this process: my estimated yearly income for 2022 (which is the same as it was when I opened this policy in Sept. 2021) or my income for the month of December, which is just a momentary blip or anomaly? How important is accurately reporting my monthly income (and its source) when I am overstating it and, if anything, costing me money?
Thank you for any guidance with this kind of convoluted question!
submitted by /u/LobsterMenthol
[link] [comments]I registered for ACA health coverage, for the first time, back in early September, and now I’m in the process of re-registering for 2022. I have a basic plan from Molina (in the state of Michigan), and with my tax credits I’m paying only $4.88/month. After opening this policy, I left my restaurant job to pursue an opportunity which promised similar pay but better working conditions. That opportunity did not pan out, unfortunately. At this moment, I am unemployed. I could go back to my old restaurant gig, but I’m holding off for as long as I can, and looking for better work. I like my current coverage, and paying the low, low premium won’t be a problem. But if I report my current monthly income of $0.00 during this round of ACA registration, “they” will cancel my marketplace plan and kick me over to Medicaid. And then, a month or two from now when I’m either back at my old job or working somewhere new, “they” will kick off Medicaid, back to the marketplace. This seems silly and unnecessary to me. What’s more important in this process: my estimated yearly income for 2022 (which is the same as it was when I opened this policy in Sept. 2021) or my income for the month of December, which is just a momentary blip or anomaly? How important is accurately reporting my monthly income (and its source) when I am overstating it and, if anything, costing me money? Thank you for any guidance with this kind of convoluted question! submitted by /u/LobsterMenthol [link] [comments]Read Morer/HealthInsurance