Last year I helped a good bit of people sign up for coverage through the marketplace. It came to my attention this year, as I talked to them again, that a few actually had lower incomes than they expected. Such as, people who were self employed but business wasn’t as good, or they got fired or laid off from work and actually came out making too little to have qualified them.
I told them life can be tricky and a lot if not most forgot to call and make an update to their new situation.
Read in an article on here that if you indeed make too little, but signed up anyway thinking you would make the amount, that the repayment amounts would start at $300 and go up depending on income.
This would be great news for them but I have never seen this and wanted to know where you guys got this information.
Is it in the Affordable Care Act language?
Also the tax preparers that I have spoke to. All but 2, seem out of touch with filing the 1095-A forms. The other form 8962 or the form you also fill out seem to sound foreign to them. Could you get back to me as soon as possible.