The Conservative Cave
Current Events => General Discussion => Topic started by: Alpha Mare on November 11, 2013, 11:42:40 AM
-
... people who purchase coverage independently are now receiving letters from insurers canceling policies that do not comply with new Affordable Care Act (ACA) regulations. In cancelling such plans, some insurers are telling customers they will be automatically enrolled in alternative ACA-compliant coverage unless they object.
“It’s automatic,†says Steve Shivinsky, a spokesman for the insurer. “We map them into a comparable plan and if they take no action then they are automatically covered in the plan we’re recommending.†Such automatic enrollment would bypass the subsidy program.
New tax credits, available to individuals earning less than 400 percent of the federal poverty level, or about $46,000 per year, can only be accessed through new ACA insurance marketplaces. Those who purchase coverage outside the exchanges cannot claim subsidies, even if they qualify for them, according to the Centers for Medicare and Medicaid Services, the agency overseeing implementation of the ACA. Automatic enrollment directly through an insurer would avoid the exchanges, and the subsidies, entirely.
The ACA subsidies are technically tax credits, but consumers can’t apply for them later when they file their income tax returns. The subsidies are only available when consumers purchase coverage through the exchanges, according to CMS.
While the California insurers offer to help customers sign up through the state exchange, consumers have to request this directly. And routing customers through the exchanges independently means they will encounter plans for sale from competing insurers.
Read more: Another Glitch: How Some Americans Could Miss Out On Obamacare Subsidies In 2014 | TIME.com http://swampland.time.com/2013/10/30/another-glitch-americans-could-miss-out-on-obamacare-subsidies-for-insurance-in-2014/#ixzz2kMMG8s3g
I think a lot of folks are going to get a big surprise come tax time.
-
Obama gonna screw some people twice......Moochelle ain't had any in a long, long time....do her Barack.
-
Obama gonna screw some people twice......Moochelle ain't had any in a long, long time....do her Barack.
Ewwww.....I need brain bleach..... :panic:
-
People won't know this. We all see how stupid people are. They don't pay attention to anything, either. They only like to be entertained. Insurance stuff is too hard.
-
Wait, I have the perfect image for this thread...
(https://scontent-a-atl.xx.fbcdn.net/hphotos-frc3/s403x403/1012465_10153495512745515_1831260474_n.jpg)