Which types of income should be included on Marketplace applications?

When completing Marketplace applications, it is essential to report all sources of income that could impact eligibility for financial assistance or coverage. Tips, Social Security Income, and Canceled debts are specific types of income that need to be included on these applications because they can affect the household's financial situation.

Tips are considered earned income and contribute to the total income of the applicant. Social Security Income, which includes retirement benefits or disability benefits, is also vital as it is a steady form of income that may significantly impact the eligibility for subsidies in the Marketplace. Canceled debts may also be deemed as income, depending on the circumstances, because they can be seen as a benefit that increases financial resources.

In comparison, the other options include types of income not typically required to be reported or have specific exclusions. For example, gifts and child support may not count towards income calculations for Marketplace eligibility in the same way that earned income or benefits like Social Security do. Understanding which incomes are relevant is crucial for accurately determining eligibility for assistance programs.