Tax returns could jeopardize Obamacare coverage

[Chris0nllyn]

About 1.8 million households that got financial help for health insurance under President Barack Obama's law now have issues with their tax returns that could jeopardize their subsidies next year. Administration officials say those taxpayers will have to act quickly.

Consumers who got health care tax credits are required to file tax returns that properly account for them, even if they are unaccustomed to filing because their incomes are low. Unless they follow through, "they will not be able to receive tax credits to help lower the cost of their health insurance for 2016," Lodes explained.

—About 710,000 households that have not filed a 2014 tax return, although they were legally required to account for health insurance tax credits that they received.

—Some 360,000 households that got tax credits and requested an extension to file their returns. They have until Oct. 15.

—About 760,000 households that got tax credits and filed their tax returns omitted a new form that is the key to accounting for the subsidies. Called Form 8962, it was new for this year's tax filing season.

http://finance.yahoo.com/news/tax-filing-problems-could-jeopardize-183734604.html

 

[CrashTest]

I thought Socialism was supposed to help folks who lack the wherewithal to figure out life on their own.

 

[BigBlue]

 

[Chris0nllyn]

Obamacare has offered insurance to millions of people, but they’re unhappy with the coverage they’re getting and are particularly upset about the costs, according to a survey released Monday that suggests the health care law continues to struggle to win over Americans.

Just 30 percent of customers on Obamacare’s exchanges were satisfied with their coverage, the health care research arm of the Deloitte consulting firm said.

Only a quarter of Obamacare customers in the survey were confident that they could get care when they needed it, and just 16 percent felt “financially prepared” to handle future health care costs, Deloitte said.

http://www.washingtontimes.com/news...ollees-less-satisfied-others-survey/?page=all

 

[GURPS]

I am sure there will gov. funded Jackson Hewett and HR Block Offices for low information voters