Round Two

Round Two

As the second round of ObamaCare enrollment nears, there are a few noteworthy hurdles enrollees may have to overcome. A recent Fox News article outlines some of the in and outs of the 2015 renewal process:

“– For the roughly 8 million people who signed up this year, the administration has set up automatic renewal. But consumers who go that route may regret it. They risk sticker shock by missing out on lower-premium options. And they could get stuck with an outdated and possibly incorrect government subsidy. Automatic renewal should be a last resort, consumer advocates say.

–An additional 5 million people or so will be signing up for the first time on HealthCare.gov and state exchange websites. But the Nov. 15-Feb. 15 open enrollment season will be half as long the 2013-2014 sign-up period, and it overlaps with the holiday season.

— Of those enrolled this year, the overwhelming majority received tax credits to help pay their premiums. Because those subsidies are tied to income, those 6.7 million consumers will have to file new forms with their 2014 tax returns to prove they got the right amount. Too much subsidy and their tax refunds will be reduced. Too little, and the government owes them.

–Tens of millions of people who remained uninsured this year face tax penalties for the first time, unless they can secure an exemption.”

 

Click here to read the full Fox News article. 

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