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Webinar: Recently lost health insurance from your job? Know your options and how to shop for plans.

Video Download Presentation PDF Download Presentation Questions & Answers Modified Adjusted Gross Income (MAGI) is used to determine your eligibility for subsidies through the Health Connector. More information and a form to assist you in calculating your annual projected income can be found below. Questions in the application will guide you through the information that you need to supply. In general, we recommend that you read the tooltips in the application if you have questions.  It’s also helpful to have a copy of your most recent tax return handy so that you can compare your   income or account for deductions that you might also have for 2021. Get full details at https://www.mahealthconnector.org/how-do-i-answer-questions-about-income Estimating your income while on unemployment can be difficult as your employment status may change, and for that reason we encourage people to return to their application any time they have a change in circumstances, including a change in their income. When estimating your yearly/annual income, combine the income you earned in 2020 (or expect to earn in 2021) prior to becoming unemployed with your weekly unemployment benefit amount for the duration of the expected unemployed period (up to 39 weeks). If you think you are returning to work, include the amount that you expect to earn for the remainder of the year. The table and tips below can help you know what needs to be included or not when answering the current income question and [...]

Webinar: Recently lost health insurance from your job? Know your options and how to shop for plans.

Video Download Presentation PDF Download Presentation Questions & Answers Modified Adjusted Gross Income (MAGI) is used to determine your eligibility for subsidies through the Health Connector. More information and a form to assist you in calculating your annual projected income can be found below. Questions in the application will guide you through the information that you need to supply. In general, we recommend that you read the tooltips in the application if you have questions.  It’s also helpful to have a copy of your most recent tax return handy so that you can compare your   income or account for deductions that you might also have for 2020 or 2021. Get full details at https://www.mahealthconnector.org/how-do-i-answer-questions-about-income Estimating your income while on unemployment can be difficult as your employment status may change, and for that reason we encourage people to return to their application any time they have a change in circumstances, including a change in their income. When estimating your yearly/annual income, combine the income you earned in 2020 (or expect to earn in 2021) prior to becoming unemployed with your weekly unemployment benefit amount for the duration of the expected unemployed period (up to 39 weeks). If you think you are returning to work, include the amount that you expect to earn for the remainder of the year. The table and tips below can help you know what needs to be included or not when answering the current income [...]

Webinar: Recently lost health insurance from your job? Know your options and how to shop for plans.

Video Download Presentation PDF Download Presentation Questions & Answers Modified Adjusted Gross Income (MAGI) is used to determine your eligibility for subsidies through the Health Connector. More information and a form to assist you in calculating your annual projected income can be found below. Questions in the application will guide you through the information that you need to supply. In general, we recommend that you read the tooltips in the application if you have questions.  It’s also helpful to have a copy of your most recent tax return handy so that you can compare your   income or account for deductions that you might also have for 2020 or 2021. Get full details at https://www.mahealthconnector.org/how-do-i-answer-questions-about-income Estimating your income while on unemployment can be difficult as your employment status may change, and for that reason we encourage people to return to their application any time they have a change in circumstances, including a change in their income. When estimating your yearly/annual income, combine the income you earned in 2020 (or expect to earn in 2021) prior to becoming unemployed with your weekly unemployment benefit amount for the duration of the expected unemployed period (up to 39 weeks). If you think you are returning to work, include the amount that you expect to earn for the remainder of the year. The table and tips below can help you know what needs to be included or not when answering the current income [...]

Webinar: Recently lost health insurance from your job? Know your options.

Video Download Presentation PDF Download Presentation Questions & Answers Modified Adjusted Gross Income (MAGI) is used to determine your eligibility for subsidies through the Health Connector. More information and a form to assist you in calculating your annual projected income can be found below. Questions in the application will guide you through the information that you need to supply. In general, we recommend that you read the tooltips in the application if you have questions.  It’s also helpful to have a copy of your most recent tax return handy so that you can compare your   income or account for deductions that you might also have for 2020 or 2021. Get full details at https://www.mahealthconnector.org/how-do-i-answer-questions-about-income Estimating your income while on unemployment can be difficult as your employment status may change, and for that reason we encourage people to return to their application any time they have a change in circumstances, including a change in their income. When estimating your yearly/annual income, combine the income you earned in 2020 (or expect to earn in 2021) prior to becoming unemployed with your weekly unemployment benefit amount for the duration of the expected unemployed period (up to 39 weeks). If you think you are returning to work, include the amount that you expect to earn for the remainder of the year. The table and tips below can help you know what needs to be included or not when answering the current income [...]

Webinar: Recently lost health insurance from your job? Know your options.

Video Download Presentation PDF Download Presentation Questions & Answers Modified Adjusted Gross Income (MAGI) is used to determine your eligibility for subsidies through the Health Connector. More information and a form to assist you in calculating your annual projected income can be found below. Questions in the application will guide you through the information that you need to supply. In general, we recommend that you read the tooltips in the application if you have questions.  It’s also helpful to have a copy of your most recent tax return handy so that you can compare your   income or account for deductions that you might also have for 2020. Get full details at https://www.mahealthconnector.org/how-do-i-answer-questions-about-income Estimating your income while on unemployment can be difficult as your employment status may change, and for that reason we encourage people to return to their application any time they have a change in circumstances, including a change in their income. When estimating your yearly/annual income, combine the income you earned in 2020 prior to becoming unemployed with your weekly unemployment benefit amount for the duration of the expected unemployed period (up to 39 weeks). If you think you are returning to work, include the amount that you expect to earn for the remainder of the year. The table and tips below can help you know what needs to be included or not when answering the current income question and the yearly income questions in the online [...]

Webinar: Recently lost health insurance from your job? Know your options.

Video Download Presentation PDF Download Presentation Questions & Answers Modified Adjusted Gross Income (MAGI) is used to determine your eligibility for subsidies through the Health Connector. More information and a form to assist you in calculating your annual projected income can be found below. Questions in the application will guide you through the information that you need to supply. In general, we recommend that you read the tooltips in the application if you have questions.  It’s also helpful to have a copy of your most recent tax return handy so that you can compare your   income or account for deductions that you might also have for 2020. Get full details at https://www.mahealthconnector.org/how-do-i-answer-questions-about-income Estimating your income while on unemployment can be difficult as your employment status may change, and for that reason we encourage people to return to their application any time they have a change in circumstances, including a change in their income. When estimating your yearly/annual income, combine the income you earned in 2020 prior to becoming unemployed with your weekly unemployment benefit amount for the duration of the expected unemployed period (up to 39 weeks). If you think you are returning to work, include the amount that you expect to earn for the remainder of the year. The table and tips below can help you know what needs to be included or not when answering the current income question and the yearly income questions in the online [...]

Webinar: Recently lost health insurance from your job? Know your options.

Video Download Presentation PDF Download Presentation Questions & Answers Modified Adjusted Gross Income (MAGI) is used to determine your eligibility for subsidies through the Health Connector. More information and a form to assist you in calculating your annual projected income can be found below. Questions in the application will guide you through the information that you need to supply. In general, we recommend that you read the tooltips in the application if you have questions.  It’s also helpful to have a copy of your most recent tax return handy so that you can compare your   income or account for deductions that you might also have for 2020. Get full details at https://www.mahealthconnector.org/how-do-i-answer-questions-about-income Estimating your income while on unemployment can be difficult as your employment status may change, and for that reason we encourage people to return to their application any time they have a change in circumstances, including a change in their income. When estimating your yearly/annual income, combine the income you earned in 2020 prior to becoming unemployed with your weekly unemployment benefit amount for the duration of the expected unemployed period (up to 39 weeks). If you think you are returning to work, include the amount that you expect to earn for the remainder of the year. The table and tips below can help you know what needs to be included or not when answering the current income question and the yearly income questions in the online [...]

Recently lost health insurance from your job? Know your options.

Video UPDATE: Please note that the special enrollment period due to coronavirus mentioned in the video and resources ended July 23, 2020. Find out how you can enroll any time of the year → Download Presentation PDF Download Presentation Questions & Answers Yes, the new COVID-19 SEP is independent of any other SEP, and the only restriction on the COVID-19 SEP is that the individual is not already enrolled in a Health Connector plan. This is true regardless of who paid the first portion of your COBRA coverage (you or an employer) or your length of enrollment in COBRA. Keep in mind the COVID-19 SEP is currently set to end on June 23, 2020, which is also the enrollment and payment deadline for July 1, 2020 coverage. Link to SEP Regulation: https://www.mahealthconnector.org/wp-content/uploads/rules-and-regulations/AdminBulletin04-20.pdf Modified Adjusted Gross Income (MAGI) is used to determine your eligibility for subsidies through the Health Connector. More information and a form to assist you in calculating your annual projected income can be found below. Questions in the application will guide you through the information that you need to supply. In general, we recommend that you read the tool tips in the application if you have questions.  It’s also helpful to have a copy of your most recent tax return handy so that you can compare your   income or account for deductions that you might also have for 2020. Get full details at https://www.mahealthconnector.org/how-do-i-answer-questions-about-income Estimating your [...]

Get Covered through the Health Connector: What you need to know if you’ve recently lost health insurance benefits

Video UPDATE: Please note that the special enrollment period due to coronavirus mentioned in the video and resources ended July 23, 2020. Find out how you can enroll any time of the year → Download Presentation PDF Download Presentation Questions & Answers Yes, the new COVID-19 SEP is independent of any other SEP, and the only restriction on the COVID-19 SEP is that the individual is not already enrolled in a Health Connector plan. This is true regardless of who paid the first portion of your COBRA coverage (you or an employer) or your length of enrollment in COBRA. Keep in mind the COVID-19 SEP is currently set to end on June 23, 2020, which is also the enrollment and payment deadline for July 1, 2020 coverage. Link to SEP Regulation: https://www.mahealthconnector.org/wp-content/uploads/rules-and-regulations/AdminBulletin04-20.pdf Modified Adjusted Gross Income (MAGI) is used to determine your eligibility for subsidies through the Health Connector. More information and a form to assist you in calculating your annual projected income can be found below. Questions in the application will guide you through the information that you need to supply. In general, we recommend that you read the tool tips in the application if you have questions.  It’s also helpful to have a copy of your most recent tax return handy so that you can compare your   income or account for deductions that you might also have for 2020. Get full details at https://www.mahealthconnector.org/how-do-i-answer-questions-about-income Estimating your [...]

How do I answer questions about income?

Calculating your Modified Adjusted Gross Income (MAGI) To help figure out your annual Modified Adjusted Gross Income (MAGI) income for 2023, we have provided the calculator below. Please note that the all sources of income you expect to receive in 2023 must be considered. For example, if you are a seasonal employee and expects to collect unemployment during certain months of the year, you should include the expected unemployment income in the total income. [ninja_forms id=34] How to answer questions about your current income The question "Does FIRST NAME LAST NAME have any income?" should be answered for the MONTH you are completing your application.  If you—and any household members included on your application—has any current income (such as income from a job, self-employment,  or other source), the answer should be "Yes". If you answer the question by selecting  "No", click "Save and Continue" to move to the next page. Answer this question based on your current income. If you answer the question by selecting  "Yes", the next question on the screen will ask what types of income you have. You can check all the boxes that apply and then click “Save and Continue” to move to the next page and answer questions about the type(s) of income you checked. Check all income types that apply to you. Income Frequency Take care to note that the income amount has the right frequency (how often you receive the income). The table below includes frequency choices and descriptions you will need [...]

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