I'm so worried writing this and trying to navigate this confusing system, any kindness and help is appreciated.
I started the year on unemployment and with only other income from a small side hustle. Qualified for a year of medicaid, a friend's coworker at a health related company helped me apply so I thought I was good for the year, unless I got a 9-5.
Side hustle immediately began growing over the limit into a full-time biz, but because it was highly variable (talking day by day), not guaranteed to keep progressing, I thought maybe the income was a fluke and it wouldn't continue or make me ineligible.
Well biz grew to where I have been making maybe 3-4k a month. I know now that it's way over the income limit. I thought there would be months where I may not be making anything, and this would average to put me around the limit, but I'm now thinking this was a silly thought and the state will think so too.
Medicaid told me a few weeks ago I'm up for renewal at the end of this month.
I've been having health issues now too. I had a colonoscopy and have been having a lot of tests for a potential chronic GI issue for the rest of my life.
I didn't know that such a variable and unpredictable self-employment income should've been reported because I didn't even know how to report it at the time. I guess it sounds silly, but everything was moving so fast, I've just noticed the numbers and am concerned. And now I'm reading that I am likely on the hook for these medical issues I've been dealing with that I didn't consider before.
The income I made from the biz, I didn't really use it to 'pay myself' or as throwaway income, I've just been investing it back into the biz.
My renewal closes at the end of the month. I had a doctor's appointment today about my health issues. I'm thinking I fill out the change of income notice, but I'm not sure what to expect in penalty. I'm already worried about my health and not knowing how much these tests will cost if the state determines I was ineligible and has me pay out of pocket. Any advice or insight is appreciated