|Individual & Group|
|Tom, Sara, Rachel,|
Robin, or Sean
Taxpayers who receive non-taxable Social Security benefits, earn income living abroad, or earn non-exempt interest, should add that income back to AGI to calculate MAGI. Note: this is about income before most deductions are taken.
Medicaid eligibility is determined excluding the following types of income: scholarships, awards, or fellowship grants used for education purposes and not for living expenses, and certain American Indian and Alaska Native income derived from distributions, payments, ownership interests, real property usage rights, and student financial assistance.
Your estimated 2021 MAGI will be compared to your actual 2021 Tax return and any subsidies will be adjusted accordingly. (Better to overestimate your income so you don't have to pay subsidies back.) If you are confused on this please seek Tax advice from a professional.