Individual Coverage 

• How do I report my income to GetCovered NJ?

• Rule #1: Report expected household income for the year you’re applying. If you estimate, over reporting your income never results in a penalty. Under reporting your income will. Know that household income can be updated monthly on your application. 
• Rule #2: On you tax return, report EVERYONES income, even if certain members aren’t applying for health coverage.

• How do I "estimate" my income?

• Step #1: Find your household adjusted gross income (AGI).
• Step #2: Add the following kinds of income: Tax-exempt foreign income, tax-exempt social security benefits, tax-exempt interest.
• Step #3: Estimate changes throughout the year. If the income you report is too high, you will be penalized. If the income you report is too low, nothing happens. Talk to us for more information...

Examples include: pay raises, employment changes, changes in supplemental income, etc.