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Under the Affordable Care Act, your eligibility for health insurance advanced premium tax credits or subsidies is determined by calculating a household’s Modified Adjusted Gross Income(MAGI).  For most people applying for health insurance and seeking to gain advanced premium tax credits, MAGI is very similar to Adjusted Gross Income.  See below for an explanation of what constitutes MAGI.  We at American Exchange do not claim to be tax professionals or legal professionals.