Submitting "Proof of Income" for Health Insurance

How to submit "Proof of Income" for Health Insurance. This is a very good and important question. Your estimated annual (and monthly) income direct effect the advanced premium tax credits you receive. If your income is higher, you will get fewer tax credits and your premium is higher. If your reported income is lower, then you get more tax credits and your premium goes down. Peter D Johnsen explains in 3 easy steps!

Health InsurancePeter D JohnsenSeptember 23, 2022Health Insurance, income, Taxable Income, California

How the American Rescue Plan Saves You Money on your Health Insurance | How To Insurance 062

On March 11, President Biden signed the American Rescue Plan with immediate impacts on Marketplace. Most individuals will be getting $1,400… but there is more! The question we’re asking today is: How the American Rescue Plan Saves You Money on your Health Insurance. Peter D Johnsen, your insurance broker, breaks it down for you here.

Health InsurancePeter D JohnsenMarch 12, 2021tips, Insurance, Broker, Health Insurance, taxes, Taxable Income

Is the COVID Stimulus Money Taxable? | How to Insurance | 060

Did you get your Stimulus check? I sure hope so! But is the money taxable? The reason you’re asking this is… you know that your health insurance premiums and the advanced tax credits/subsidy you receive are based on your taxable income. Peter D Johnsen explains how your stimulus check affects your health insurance premiums.