Income to Report
MNsure estimates your household income to figure how much financial assistance you may get. The MNsure application will ask questions about household income for the year you want coverage, not last year’s income. You may use last year’s income to estimate income for the year you are seeking coverage, but you must make a best estimate on your expected household income to get the correct amount of financial help.
Depending on the income source, you may have an option to enter your income as monthly or yearly.
What if my household income changes during the year?
Report income and household changes as soon as possible. If you don’t, you could end up with the wrong amount of financial assistance or even the wrong health insurance plan. You will need to contact the MNsure Contact Center, the Minnesota Department of Human services or your county or tribal agency depending on which program you are eligible for. More about updating your income during the year.
Whose Income to Include
Most households include the tax filer, their spouse if they have one, and their tax dependents, including those who don’t need coverage. MNsure uses estimated income of all household members who are required to file a tax return, even if they are not applying for coverage.
Why do I need to include people in my household who don’t need insurance?
MNsure marketplace savings are based on income for all household members, not just the ones who need insurance.
If anyone in your household has coverage through a job-based plan, a plan they bought themselves, a public program like Medical Assistance (MA) or Medicare, or another source, include them and their income on your application.
When you apply you’ll say which household members need coverage.
How Is Income Counted?
MNsure uses “modified adjusted gross income” (MAGI) to determine the programs and savings you are eligible for. For most people, it’s identical or very close to adjusted gross income (AGI). MAGI is not a line on your federal tax return.