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Your MNsure application determines your eligibility for public programs, tax credits, and/or a private plan based on your gross income — specifically your modified adjusted gross income (MAGI). (MNsure wants to know your expected household income for the year you want coverage, not last year’s income.) Modified Adjusted Gross Income (MAGI) is Gross Income (GI) Adjusted for deductions (AGI) and then Modified by adding some deductions back in (MAGI). For most people, AGI and MAGI will be the same.

What to include in your income:

  • Wages, salaries, tips, etc.
  • Taxable interest
  • Taxable amount of pension, annuity or IRA distributions
  • Taxable and non-taxable Social Security and Social Security Disability Income (SSDI)
  • Business income, farm income, capital gain, other gains (or loss)
  • Unemployment compensation
  • Ordinary dividends
  • Alimony received
  • Rental real estate, royalties, partnerships, S corporations, trusts, etc.
  • Taxable refunds, credits, or offsets of state and local income taxes
  • Other income

What is NOT included in your income:

  • Child support
  • Gifts
  • Veteran’s disability payments
  • Worker’s compensation
  • Proceeds from loans (student, home equity or bank loans)
  • Supplemental Security Income (SSI)

What can be deducted from income:

  • Certain self-employed expenses
  • Student loan interest deduction
  • IRA deduction (traditional IRAs)
  • Moving expenses
  • Penalty on early withdrawal of savings
  • Health savings account deduction
  • Alimony paid
  • Domestic production activities deduction
  • Certain business expenses of reservists, performing artists, and fee-basis government officials