As mentioned in previous blogs, the profession of providing health insurance for individuals changes monthly, sometimes weekly, and even daily! As of February 2015, here are the latest developments in ObamaCare and how it will impact people who have enrolled or are looking to enroll for coverage on the Federal Marketplace, healthcare.gov.
Anyone who hasn’t had health insurance coverage in 2014 and was assessed a tax penalty will have an opportunity to enroll between March 15 and April 30, as a “special enrollment” according to the Center for Medicare and Medicaid (CMS), the Federal agency that oversees the Federal Marketplace. Eligibility rules will apply, so please log on to www.healthcare.gov for more information.
Last Friday, the Federal Government announced they sent out “incorrect” tax information to 800,000 people enrolled through the Federal Marketplace, namely the tax Form 1095-A. In an effort to stave off incorrect tax filings, the Administration is contacting affected people by phone and email. They are also advising consumers to log into their accounts on to see if they were affected. All corrected forms should be available by early March, officials said.
According to the Associated Press, perhaps at least 50,000 of those affected have already filed their taxes! The Government is promising to now work with those affected to correct the problem.
Stay tuned for more updates in the coming weeks as these issues start to unfold.