When calculating your income for your health insurance plan, you should use the amount you expect to earn in the year you will have the plan. This means, for your 2023 health insurance plan, enter the amount you expect to earn in 2023.

It can be tricky for freelancers and people who are self-employed, so we've put together some tips for calculating your expected annual income.

1. Enter your monthly income

If you don't receive an annual salary, choose to enter the amount you typically earn monthly.

2. Use your 2022 income as a starting point

If you don't know exactly what you'll earn, that's okay. If you expect to earn about what you earned in 2022, use your 2022 income.

3. Report changes

If you start earning more or less than you expected to earn during 2023, you can report a change during the year. This will ensure the subsidies you're eligible for are up to date.

4. Don't forget about expenses and deductions

Be sure to include any business expenses or deductions as part of your "net self-employment income". You can also deduct things like IRA contributions and student loan interest. For a full list of deductions see this page.

What counts as income?

Anything you earn from work, including W2, self-employed or 1099 work. Unemployment and income from other members of your household (including those not applying for coverage) should also be counted.

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