Question: If someone sold a income property net $100,000 in 2012 to make ends meet which is the retirement monies. Would they be able to get help if normal income is $25,000 per year and single?
Answer: What counts is your current income. If it is significantly different from last year that will be taken into account in the enrollment process. While, last year’s AGI is an important reference point, it’s you current income or your estimate of your income for the current that counts.