That’s right.

If you enrolled in insurance coverage through the Health Insurance Marketplace, you are required to report changes to the Marketplace when they happen, like changes to your household income or family size, because they may affect your eligibility for the advance payments of the premium tax credits.

A full list of changes are available at HealthCare.gov/how-do-i-report-life-changes-to-the-marketplace but examples of changes in circumstances that you should report to the Marketplace include, but are not limited to:

·         an increase or decrease in your income

·         marriage or divorce

·         the birth or adoption of a child

·         starting a job with health insurance

·         gaining or losing your eligibility for other health care coverage

·         changing your residence

Accurate reporting is important to ensure that you are not receiving a greater credit that entitled too and to avoid a potential tax liability.

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