As we near the fourth quarter of 2019, it's a good idea to review your household income and expenses. Not only will you have a better understanding of where you will stand come tax time, but you can make sure you avoid costly mistakes.
Did you know that your marketplace health insurance, also known as ObamaCare, is affected by three major factors? Premiums and coverage are affected by the number of people in your household, ages of those people, and your annual household income.
If you have seen a recent income change-- whether it be a loss of job, a raise, or finding a new job-- its always best to review this information with your health insurance agent. Your income change may be the difference between a $0 deductible and a $1500 deductible, a different premium amount, or a hefty penalty come tax time. We know that may sound scary, but that is what we are here for. We will work with you to explore every possible avenue to find you the best possible coverage no matter what.