Government Sends Wrong Tax Form to Nearly One Million Obamacare Enrollees

Charles Hughes Fresh off another victory lap last week, Obamacare supporters awoke last Friday to the news that the government had given nearly one million exchange enrollees incorrect tax forms that could significantly affect their tax returns. 800,000 enrollees in the federal exchange and roughly 100,000 in California were given the wrong forms, called 1095-As, which provide a monthly account of the premium subsidies exchange enrollees receive. The government uses that information to determine that the subsidy amounts are correct (although a pending Supreme Court case raises questions about the legality of any subsidies offered through the federal exchange). Enrollees using the wrong information when filing their taxes would make it impossible for the government to verify that they got the right amount of subsidies. Government officials will now try to remedy their mistake by sending out new forms to the affected customers. These tax documents contained the wrong price for the ‘benchmark plan’, the second-lowest cost silver plan available that is used to calculate the exchange subsidy amount. A post on the HealthCare.gov blog explains that the erroneous forms included the benchmark plan premiums for 2015 instead of 2014, which led to the wrong subsidy amount being displayed on the forms people use to file their taxes. The errors are not confined to one area, so incorrect forms were sent throughout the country, making it harder for enrollees to know if they are affected...
Source: Cato-at-liberty - Category: American Health Authors: Source Type: blogs