If you are currently self-employed and are unable to provide other verification of your income, due to reasons such as recently becoming self-employed or a major change in your self-employment income, you can use this affidavit to prove your income status. Once you complete your application through Maryland Health Connection, …Read More »
If you do not currently have an income, you can use this affidavit (PDF) as a verification document to prove your income status. Once you complete your application through Maryland Health Connection, you will receive a verification notice in the mail requesting verification of income. In response to this request, …Read More »
If I incorrectly estimate my income and end up earning more than 250% of the federal poverty level next year, will I have to pay back the cost-sharing reductions?
No. Unlike premium tax credits, which are reconciled each year based on the income you actually earned, cost-sharing reductions are not reconciled.Read More »
I’m under 26 and eligible to be covered as a dependent under my mom’s job-based health policy. My mom no longer claims me as a tax dependent. I plan to file my own taxes, though my income isn’t very high. If a subsidized qualified health plan through Maryland Health Connection would be even more affordable to me, can I sign up for that instead?
Yes. Although the general rule is that people are not eligible for subsidies through Maryland Health Connection when they are also eligible for affordable job-based health coverage, there is a special rule for young adults under 26. As long as a young adult under 26 is not claimed as a …Read More »
Yes. There is no requirement to have filed a tax return for any prior year in order to qualify for a premium tax credit. However, there is a requirement to file a return in the year in which you receive a premium tax credit (e.g., if a premium credit is …Read More »
I estimate my income will be over the Medicaid income limit and I am eligible for a premium tax credit. If, by the end of the year, it turns out my annual income was even lower so I could have enrolled in Medicaid, will I have to pay back the premium subsidy?
No, your final premium credit amount will be determined based on your income for the year as reported on your tax return. The fact that it ended up being lower than 138% of the poverty line (the Medicaid limit for most individuals, except children and pregnant women) does not mean …Read More »
My income is uneven during the year. Some months I earn very little, other months are much better. I think my annual income will be low enough to qualify for subsidies next year, but I’m not sure. What if I’m wrong?
It’s common for income to fluctuate, particularly if you are self-employed, perform seasonal work or have multiple jobs. To achieve the best result for financial assistance, you should report income changes to Maryland Health Connection during the year, as they happen. Reporting income changes as they happen will help ensure …Read More »
I’m raising my grandchild and claim her as a dependent. If I apply for coverage through Maryland Health Connection, will we be considered a household of two?
Yes, you will be considered as a household of two for both Medicaid and premium tax credits. However, your grandchild will be considered as her own household for Medicaid, MCHP, and MCHP Premium, and your income will not count in determining her eligibility for these programs. Assuming she does not …Read More »
My spouse is insured. Since I’m applying for insurance only for myself, do I include his or her income?
Yes, you must report your spouse’s income. Your eligibility for lower costs on health insurance is based on the income of everyone in your household, whether they need insurance or not. Important: Remember that if you’re eligible for your spouse’s job-based insurance, you may not be eligible for lower costs …Read More »