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Videyo 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 2022. 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 expect to earn in 2022 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 [...]

Video Download Presentation PDF Download Presentation American Rescue Plan & Health Connector Coverage The American Rescue Plan Act of 2021 helps lower health insurance premiums for Health Connector members and provides new help paying for health insurance premiums for people who’ve never qualified before. Learn more and find frequently asked questions→ 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 2022. 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 expect to earn in 2022 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 [...]