Question: My AGI will be steadily decreasing from 2012 to 2014. Which year will determine the amount of the premium subsidy available for 2014. I am currently on a HIPAA policy.
Answer: Your eligibility for a subsidy will depend on your modified adjusted gross income (MAGI). How is it modified? The online application process will automatically use the AGI from your most recent 1040 as a starting point. Then you’ll be asked to estimate your annual income in the year in which you are to be insured, 2014 initially.