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Friday April 18th 2014

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Feds Ease Income Verification for Exchanges

Cost of health careThe federal government recently said states won’t have to verify the personal income of people receiving Obamacare, at least not in the beginning. The regulation change came earlier this month and applies to people expected to receive tax credits to help buy insurance through health reform’s newly created marketplaces. Originally, the feds were going to require state-run exchanges to double check the income consumers report on their applications. Now, for the first year, from 2014 to 2015, consumers will only have to attest that their income is correct according to a recent report at the Center for Health Reporting.