Yeah, it’s there:
https://www.healthcare.gov/reporting-changes/why-report-changes/
“How to make updates when your income or household change
If you’re enrolled in a Marketplace plan for 2016 and your income or household change, you should report the changes as soon as possible.
These changes — like higher or lower income, adding or losing household members, or getting offers of other health coverage — may affect the coverage or savings you’re eligible for.”
We tried to report an income change and had our policy cancelled immediately after clicking the button to report the change. After waiting on hold, talking to numerous clueless individuals, repeat a few times, we got a policy again. Now, the form we received to submit to the IRS to prove we had coverage only shows we had it up until the time we got cancelled. More waiting in hold, talking to clueless individuals...
If you talked to one of those marketplace advisors, then you probably weren’t told about reporting income changes. We talked to a couple of them, and we knew more than they did. One also gave us incorrect information about going on cobra - she said we could do that for the 1 month gap between employer coverage and Obamacare. I found out once you are on cobra, you are ineligible for Obamacare until the next open season. It would’ve cost us a fortune because the cobra was even more than Obamacare.
I feel very qualified to be a marketplace advisor after dealing with healthcare.gov, LOL. It’s just not a job I’d want. But if you have any questions, etc, I’d be happy to help you. For 2016, they probably used your 2015 income to determine your premium - so if you’re not going to work so much OT, you could either get your premiums reduced by providing your January paystubs or get the lump sum back when filing your taxes next year. But if you were eligible for a cost savings reduction plan with your pre-OT income, you’d miss out on the lower deductibles by waiting.
Correct. The BCBS rep didn't say anything about it. All he wanted is his commission............