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January 30, 2014 at 11:38 AM
The Centers for Medicare & Medicaid Services is planning to keep an emergency backup exchange plan reporting system in place for a while.
CMS will post a paperwork review notice about the system in the Federal Register Friday.
CMS set up the system for the carriers selling private “qualified health plans” through the PPACA exchanges.
PPACA created new tax credits to help moderate-income consumers pay for health coverage.
Consumers who have QHP coverage in 2014 and qualify for the credit can wait to get the money back when they file their 2014 tax returns, in 2015, or they can get an “advance premium tax credit” and use the subsidy to lower their monthly premium payments.
Originally, the exchanges were supposed to make QHP enrollee information flow to the QHP issuers automatically, and have the tax credit cash flow from the Internal Revenue Service to the QHP issuers automatically.
Because of all of the technical problems the exchanges have been having, CMS is having the 575 QHP issuers enter information about “effectuated enrollments” on a spreadsheet and return the spreadsheet to CMS as an e-mail attachment.
