I updated my estimated income, per the requirement to do that within 30 days.
Now Covered CA is calculating the subsidy WAY TOO LOW!!!
Nah, Covered CA is figuring what the tax and subsidy will be at the end of the year. You’ve received too much subsidy in the beginning of the year when you reported a low income, which gets you more subsidy than when you are working the American Dream and making more $$$.
|Looks too low, considering the subsidy calculators show $492/month Subsidy for $35k income|
Correct Calculation for Entire year
|$713 for 4 months is TOO HIGH – based on too low an income estimate
|$328 close enough to get $5904 at end of the year|
|Whole year minus 4 months at $713|