Where Nevadans go to Enroll
New Health Care Terms…..Income Changes (Redetermination)– If your income goes up or goes down, it’s probably a very good idea to go back to the “Exchange” (online website) and put in your new income. This way you can have your Subsidy adjusted to either get less “Subsidy” or get more “Subsidy” based on your new income. You don’t want to have to owe the Government money back at the end of the year because you received too much Subsidy, and if your income went down, you’ll probably be eligible for more subsidy. BE VERY CAREFUL NOT TO GET TOO MUCH SUBSIDY. The reason being would be you’d have to pay the extra back. For example: If your health insurance premiums are $1,000/month and you get a Subsidy of $800/month and you only have to pay $200/month. At the end of the year when you have to settle up your taxes on April 15th of each year, the Government will check your income, and IF you were only supposed to have received an Advanced Tax Credit of $700/month instead of $800/month, you’ll owe the Government an extra $100/month X 12 months is $1,200.
Thank you for considering Nevada Insurance Enrollment Marketplace for your health insurance needs.
Sincerely,
Shelly Rogers
Nevada Insurance Enrollment Marketplace
Licensed Agent #560016
Phone: (702) 898-0554
Toll Free: 1 (888) 600-0554
E-mail: Shelly@NevadaInsuranceEnrollment.com
Visit our website for more great information: http://nevadainsuranceenrollment.com/
Additional Info - You can click on a link below
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