MAGI Explained: The Income Rules Most ACA Enrollees Get Wrong

MAGI explained: how to calculate your MAGI for ACA health insurance, and how to lower it for a bigger tax credit. Free plan review: https://iHealthBrokers.com/v/FFetTnCVauA or call/text (888) 410-0344 FREE plan and price quote: https://iHealthBrokers.com/quote/FFet... Sarah explains AGI vs MAGI, how marketplace tax credits are based on your income, legal ways to lower your MAGI (like HSA contributions), and why you need to update Healthcare.gov when your income changes so you don't owe money back at tax time. CHAPTERS 0:00 What MAGI is and why it matters for health insurance 2:16 AGI vs MAGI 3:45 Income brackets and what you save 8:02 How MAGI changes your premium tax credit 9:43 Using an HSA to lower MAGI 11:58 High deductible plans 14:08 How to calculate your MAGI 16:05 Types of income that count 19:37 Reporting income changes WATCH NEXT HSA and High Deductible Health Plans:    • Health Savings Accounts & High Deductible ...   How to Pick the Right Marketplace Plan:    • How to Pick the Right Marketplace Insuranc...   Early Retirement Health Insurance:    • Early Retirement Health Insurance: What Yo...   ABOUT iHealthBrokers Independent brokers, licensed in all 50 states, 200+ carriers, always free. Subscribe:    / @ihealthbrokers