Author Topic: How does health care providers calculate income?  (Read 411 times)

nsmall

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How does health care providers calculate income?
« on: January 10, 2021, 10:53:42 PM »
How does health care providers calculate income?  I am planning to substitute teach for a little side money, but mainly be living off VTSAX, VTIAX, and the savings account once I FIRE.  Not sure if what I claimed for 2020 taxes for example matters?   Thank you in advance

shuffler

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Re: How does health care providers calculate income?
« Reply #1 on: January 10, 2021, 11:31:25 PM »
Search for "magi for aca" and you'll find articles like this:

https://www.healthinsurance.org/glossary/modified-adjusted-gross-income-magi/

Notably, the standard-deduction that people take on their taxes, charitable deductions, and mortgage interest deduction aren't included when determining ACA income levels.