CMS: Learn More About Helping Consumers Calculate Their Income
Helping consumers calculate their income can be challenging, especially for those who are self-employed or have an income that is difficult to predict. Many consumers enrolling in Marketplace coverage during Open Enrollment may need assistance estimating their income for the upcoming plan year.
To learn more about estimating household income, refer to the Estimating Household Income Agent/Broker Frequently Asked Questions (FAQs).You can also view this video for a step-by-step guide about assisting consumers with estimating their income.
The Centers for Medicare & Medicaid Services (CMS) also provides an income calculation tool on HealthCare.gov to make this process easier. The income calculation tool allows consumers to add previous income, unemployment benefits, and expected future income to calculate their income. For a step-by-step guide on how to use this tool, check out this video!
To watch additional application walkthroughs and technical assistance videos, visit the Agent and Broker Video Learning Center.
If you have any questions, call us today at 866-568-9649!