Two person household, ages 53 & 63, self-employed musicians who, due to utilizing the standardized deduction for travel, have filed loss for income for 2012 and have loss carry over for 2013. 63 y.o. receives $560/mo in SSI.
Should I Exaggerate My Income In Order To Qualify For Health Insurance Subsidy?
7647 POINTSview profileMark Bartlett CLCSBranch Owner, TWFG Insurance Services, Fremont California and the Greater Bay Area Representing Dozens of Insurance CarriersYou can't exaggerate your income. Your tax returns will be checked and you will be audited. I recommend you fill out the forms completely honestly and go from there. It's what we all have to do. All you will end up doing is creating a big problem for yourself and if there is a mistake that is caught later you receive a bill to pay the difference and possibility a penalty to go with it.Answered on December 23, 2013flag this answer
14231 POINTSview profileTom SheehanAgency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482You really can't. Your financial records, primarily your tax returns will be reviewed as part of the underwriting and screening process. That having been said, let's face it, it is never a good idea to lie or fabricate on an insurance application of any kind. That sort of misrepresentation is called fraud and at the very least when discovered will pretty much guarantee that your premium for the insurance contract will be increased or the contract considered null and void.Answered on December 26, 2013flag this answer
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