If a consumer receives an annual income DMI, what is the timeframe they have to resolve it?

The timeframe for resolving an annual income discrepancy, often referred to as an Income Discrepancy Matter Indicator (DMI), is 90 days. This period allows the consumer time to provide the necessary documentation or information to clarify and correct any inconsistencies related to their reported income. During this time, the consumer should gather their financial documents and contact the appropriate entities, such as the Marketplace or tax authorities, to resolve the issue.

It's important for consumers to address DMIs promptly because failure to resolve them within this timeframe can result in negative consequences, such as loss of eligibility for Premium Tax Credits or cost-sharing reductions. Therefore, the 90-day period is crucial for ensuring that consumers can maintain their health coverage and benefits without overwhelming complications.