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Login To PrismWhat is Modified Adjusted Gross Income (MAGI)?
Gross income is total income minus certain exclusions (e.g. public assistance payments, employer contributions to health insurance payments). From gross income, adjusted gross income (AGI) is calculated to reflect a number of deductions, including trade and business deductions, losses from sale of property, and alimony payments. MAGI is defined as AGI plus certain foreign earned income and tax-exempt interest. For premium assistance purposes, the definition of MAGI will include non-taxable Social Security benefits.
See: http://laborcenter.berkeley.edu/healthcare/MAGI_summary13.pdf
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