How should consumers handle changes in income or household during the coverage year?

• A. Report changes to the Marketplace promptly; they may trigger a redetermination of subsidies and eligibility or a SEP
• B. Do nothing
• C. Changes automatically adjust subsidies
• D. Only report changes at year-end

Answer: (A)

When income or household changes during the coverage year, you must report it to the Marketplace promptly. These updates can change how much premium assistance (advance premium tax credits) you’re eligible for and whether you still qualify for the same plan or CSR, so the Marketplace may perform a redetermination of subsidies and eligibility. Reporting quickly can also qualify you for a Special Enrollment Period, allowing you to adjust your plan outside the usual enrollment window if your circumstances require it. Delaying or not reporting can lead to mismatched subsidies, potential tax repayment, or coverage that no longer fits your situation.