California health insurance  -  Covered Ca Questions  -  Covered Ca Income

What Sources Of Income Do They Look At?

UPDATE: Find out your options if you have Missed the Open Enrollment here


Our services are free as Covered California agents - we can help you estimate incomeA lot of the enrollment process centers around income now since that's the key driver for health subsidies with ACA plans.


The difference between getting and not getting a subsidy can mean $1000's of dollars each year so we really want to understand the income section.


Let's look at what the Exchange will request in terms of income.


Broad definition of income requirement


Walking through the online enrollment system, the State is basically asking for your current income data and they estimate that out for the full year.


Essentially, you want to come up with your best estimate current year household gross personal income (MAGI).

For most people, this is line 37 on the 1040.  ;


sources of income and levels for tax credit


You can always run your quote here:

how to quote Covered California plans

What types of income do they look at? Here's a list directly from the input screen in the Exchange:

  1. Payroll
  2. Unemployment Benefits
  3. Social Security Benefits
  4. Retirement/Pension Income
  5. Rental or Royalty Income
  6. Alimony Received
  7. Investment Income
  8. Capital Gains
  9. Farming or Fishing Income
  10. Cancelled Debts
  11. Court Awards
  12. Jury Duty Pay
  13. Miscellaneous


You can access the online application here:

How to apply for California obamacare

There are deductions that you may be able to use to reduce this gross income level:

  1. Certain self-employment expenses
  2. Student loan interest deduction
  3. Tuition and fees
  4. Educator expenses
  5. IRA contribution
  6. Moving expenses
  7. Penalty on early withdrawal of savings
  8. Health savings account deduction
  9. Alimony paid
  10. Domestic production activities deduction
  11. Certain business expenses of reservists, performing artists, and fee-basis government officials

We addressed self-employed or business income issues separately at this article here.

It's best to have this information ready before starting either the California Exchange application or the online enrollment.

Many people have complicated income situations (self-employed especially) so please feel free to contact us at 800-320-6269 with your questions below.


The income question is one of the trickiest parts and you do not want to mess it up since you might have to pay back tax credit that you were not eligible for.


We can quickly size up your eligible income and tax credit.


It generally takes about 10 minutes. Call us at 800-320-6269.  As Certified Covered Ca agents, there's no cost for this service.

Related Pages:  10 Invaluable Tips to Successfully Comparing Covered Ca Plans

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