What should you do if your income changes after enrolling in a Marketplace plan?

If your income changes after enrolling in a Marketplace plan, the appropriate action is to report the changes to the Marketplace. This is important because any fluctuations in income can impact your eligibility for premium tax credits and other financial assistance programs. Reporting these changes ensures that you are receiving the correct amount of financial help based on your current circumstances.

Additionally, maintaining accurate information with the Marketplace allows for timely updates to your coverage options, and you may qualify for different plans or subsidies based on your new income level. Ignoring changes, waiting for the next enrollment period, or changing providers without reporting your income can lead to issues such as overpaying for coverage or losing vital financial assistance altogether.