lose hundreds of thousands Could Premium Tax Credits

lose hundreds of thousands Could Premium Tax Credits -

Last month, the Centers for Medicare and Medicaid Services ( CMS) announced that more than 300,000 people who received health insurance risk over the market were to have canceled their coverage. Those persons were given a deadline of September 5, 2014, where documentation submitted to verify their citizenship. Now, around 297,000 households have income data-matching problems, which must be resolved by September 30 to 2014 according to the latest press release from CMS.

who tried yesterday that the CMS arise all data matching subjects during the first year after admission of members (15 November 2014) to resolve hundreds of thousands of income data matching problems

press release explains , The intent is to be resolved that inconsistencies by the time the re-registration process begins.

All participants who do not respond to the numerous attempts to 30 September 2014 can contact to see the cost of their health care coverage to change, according to the CMS press release. Enrollees could the cost of their monthly premium, out-of-pocket costs, and even see their tax liability or refund when changing season submission.

Although 297,000 households, or about 363,000 people, where to see the danger of losing their market coverage, or changes in their costs by comparing data problems, the number in the last three months has been significantly reduced. In fact, of the 1.2 million households with income data matching issues May 30, 2014, 879,000 households now closed or underway.

The remaining enrollees will receive letters from the CMS, stating that if they do not please send in the documents until September 30, will likely change the cost of their coverage.

marketplace Enrollees CMS sent with Citizenship Clean up problems

in August letters to over 310,000 market Enrollees, Citizenship and Immigration had Clean up questions. The CMS press release reported that the registered person, which had until September 5, 2014 Documentation Verification submit citizenship, 115,000 enrollees have not responded to many contact attempts.

These people will receive evidence that their last day market coverage is September 30, 2014. Participants can submit information to confirm their citizenship after the deadline for a special enrollment period into consideration.

How documentation Send Under the Market Covered remain

people these alerts should have received:

• check eligibility reminder the type of documentation to ensure required

• Log on to choose their market account their current application

• Download the appropriate documentation any discrepancy in their application details

to confirm income

to confirm Acceptable documentation for correction necessary income, the market will accept:

• tax return

• W-2 form

• pay stub

• writing employer

• 1099 form

• statement

For a full list of acceptable documentation to confirm incomes visit healthcare.gov.

to

confirm acceptable documentation Citizenship

confirm

citizenship, the market will accept one of the following options:

• US passport

• naturalization certificate (N-550 / N-570)

• Certificate of Citizenship (N-560 / N-561)

• state issued driver's license (available in Michigan, New York, Vermont and Washington) extended

For a full list of acceptable documentation confirming citizenship, visit healthcare.gov.

Read the press release on the CMS.

Photo credit: jenni from the block

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