Tag Archives: advance premium tax credits
All eyes yesterday were focused on the Senate, which released significant new amendments to the Better Care Reconciliation Act. But the Senate was not the only game in town.
July 14, 2017
Iowa Submits 1332 Waiver Request, Claiming It Is Necessary To Avoid An Individual Insurance Market Collapse
On June 12, Iowa submitted a 1332 waiver request that would dramatically change the nature of its marketplace, claiming that this was needed to save a collapsing individual insurance market. To grant the request, CMS would have to waive many of 1332’s normal statutory and regulatory requirements.
June 12, 2017
CBO Director Hall stated that in 2017 the gross cost of the ACA’s insurance coverage provisions was projected to be $214 billion in 2019, but that they are now projected to cost $148 billion. In addition, the Treasury Inspector General reported on IRS processing of premium tax credits.
March 8, 2017
Over 11.5 million individuals either selected ACA Marketplace plans or were auto-reenrolled through December 24, 2016. The budget reconciliation process to replace Obamacare is underway, although President-elect Trump said today that repeal and replace would take place “essentially simultaneously.”
January 11, 2017
The IRS has released final rules under the Affordable Care Act addressing several issues related to premium tax credits. In addition, CMS has extended the deadline for signing up for January 1, 2017 coverage on HealthCare.gov until December 19 at 11:59 Pacific standard time.
December 16, 2016
On October 24, HHS and Treasury filed their initial brief in their appeal of House v. Burwell in the DC Circuit Court of Appeals. On the same date, Healthcare.gov opened for window shopping for 2017 plans and ASPE released a report on 2017 Marketplace health plan choice and premiums.
October 25, 2016
During the first half of 2016 (January 1 to June 30, 2016), 10.4 million individuals had effectuated marketplace enrollment—they had paid their premiums and had an active policy. ASPE projects that by the end of 2017 open enrollment, 13.8 million individuals will have selected a marketplace plan.
October 19, 2016
An estimated 6.9 million people are currently purchasing coverage in the off-exchange individual market. About 2.5 million of these individuals have incomes that would make them eligible for premium tax credits. About 1.1 million have incomes that would qualify them for cost-sharing reductions.
October 5, 2016
Recent ACA implementation developments include updated health insurance renewal and product discontinuation notices, FAQs on auto-reenrollment procedures, updated civil money penalty amounts, and information on ACA-related tax information.
September 5, 2016
There have been a number of recent reports indicating that marketplace premiums are increasing sharply for 2017. A new ASPE report examines the potential effects of hypothetical premium increases of 10, 25, or even 50 percent, taking into account premium tax credits and consumer shopping.
August 24, 2016