Today, the Obama administration announced that it sent out about 800,000 bad tax statements. The specific tax statement is form 1095-A, which is issued to those who purchased health care coverage through the Marketplace. The form 1095-A includes information about health care premiums paid and is used to calculate, among other things, your premium health care credit.
Here’s where things went awry this filing season. Some forms 1095-A included the monthly premium amount of the second lowest cost Silver plan for 2015 instead of 2014. Yes, you and I know that while it’s 2015, we’re filing our 2014 tax forms – but somehow that got lost at Healthcare.gov. Those folks reported amounts for the wrong year which is why the form needs to be corrected. You’ll see the potentially incorrect amount on Part III, Column B of form 1095-A.
If your form is incorrect, you’ll get a call and an email from the Marketplace. There will also be a message in your Marketplace account on HealthCare.gov. When your corrected form is ready, you’ll similarly be notified.
Here’s the bad news (as if that’s not bad enough already): those corrected forms should be available by early March, not in the next day or so.
Considering how few people are actually insured through the mandate-exchanges, it’s remarkable how many people are getting SNAFU’d like this. Or not remarkable, considering the jokers in charge of implementing them.
And fast on the heels of that story comes another one very much like it:
The deadline for so-called Obamacare in 2015 has been extended to Sunday, Feb. 22, for people who say they attempted to get signed up but were slowed down by busy call centers or technical issues on HealthCare.gov.
“We know many of you worked hard to enroll in a plan through the Health Insurance Marketplace,” read an announcement Tuesday on the federal Department of Health and Human Services website. “Despite your best efforts, you may not have been able to complete your application and select a plan.”
The “glitch” was in — surprise! — the income reporting system, which means that extension or not, even more people are likely to get caught next year having to return all or part of their subsidy to the IRS.
I wonder what kind of cognitive dissonance is suffered by those who can read stories like this one, yet remain in favor of the FCC’s 322-page Top Secret plan to let the federal government run the internet.