Managers of the HealthCare.gov exchange enrollment and administration system say its exchange plan users should already have their Form 1095-A coverage notices.
HealthCare.gov put all of the 1095-As in the account holders’ online accounts by Feb. 1, and it mailed copies of all of the forms via the U.S. Postal Service by Feb. 1, officials at the Centers for Medicare & Services (CMS) say in a slidedeck posted on Regtap, a semiprivate CMS website.
Creators put a date of Feb. 1, 2016, on the slidedeck. The slidedeck was posted on Regtap Friday.
CMS is the arm of the U.S. Department of Health and Human Services (HHS) that runs HealthCare.gov.
Form 1095-A is the form a Patient Protection and Affordable Care Act (PPACA) public exchange is supposed to use to show that a consumer had exchange plan coverage, what the full price of the coverage was, and how the exchange applied any PPACA advanced premium tax credit (APTC) subsidy payments to the premium bills.
For the 2014 coverage year and the 2015 tax filing year, PPACA exchanges sent many consumers inaccurate 1095-A forms.
This year, CMS officials say, “Many consumers are calling in requesting a correction to their premium amount when the amount listed on their form is correct.”
The correct 1095-A monthly premium amount may look different from what a consumer expects because of a number of adjustments, such as the fact that the monthly premium amount is reduced for premiums that pay for benefits beyond what the official PPACA essential health benefits (EHB) benchmark plan would provide, officials say.
Insurers are supposed to start sending out their own equivalent of the 1095-A, the Form 1095-B, this year, and employers that the federal government defines as large employers are supposed to start sending out the Form 1095-C.
Insurers and employers are supposed to get their forms to individuals by March 31. The insurers and employers are supposed to send copies of all of the forms, along with transmittal forms, to the Internal Revenue Service by June 30.
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