Breaking News

U.S. Relaxes Individual Income Verification Duties of HealthCare Exchanges
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

On Friday, the final regulations regarding the running of insurance marketplaces in states under the new HealthCare law were handed out to the 16 states and the District of Columbia who are setting up their own exchanges. The final regulations issued by the Department of Health and Human Services show changes relaxing a number of requirements at present.

While the White House has said the health insurance marketplaces are on target and would open from October 1, the current relaxation of income verification of applicants by state exchanges indicates technical and other problems still existing in full implementation of the HealthCare mandates.

  
What
Where


From October 1, in order to receive tax subsidies for buying insurance, applicants must prove income ranging between one hundred percent and four hundred percent of the federal poverty line. They must also show that they do not have access to alternate affordable insurance through an employer.

Before Friday, the stance of the administration was that health insurance exchanges should verify facts about new applicants, and verification of the income status of each applicant. Random checks were proposed to ascertain whether new applicants are receiving employer-sponsored insurance benefits.

However, Friday’s regulations mention that health insurance exchanges have until 2015 to start their random checks on employer-insurance status of employees. At the same time, checks of individual income eligibility have been made random and not compulsory in each case, at least for 2014.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




In lieu of compulsory checks the state-run exchanges would be able to accept an “attestation regarding enrollment in an eligible employer-sponsored plan” to determine employer-insurance status. The 34 marketplaces to be operated by the federal government would rely on random checks in 2014.

The new regulations also made clear, “For income verification, for the first year of operations, we are providing (state and federal) exchanges with temporarily expanded discretion to accept an attestation of projected annual household income without further verification.”





 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mid-Level Commercial Business Litigator

USA-CA-Los Angeles

Los Angeles office is seeking a commercial business litigation attorney with 2-5 years of experience...

Apply Now

Senior Level Litigator

USA-CA-Woodland Hills

Woodland Hills office is seeking a litigation attorney with 5-7 years of experience and a background...

Apply Now

Litigation Associate Attorney

USA-CT-Stamford

Stamford office of our client seeks litigation associate attorney with 3+ years of experience. The c...

Apply Now

Experienced Estate Planning Attorney

USA-CA-Torrance

Torrance office is seeking an estate planning attorney with 7-10 years of experience.

Apply Now

RELEVANT JOBS

Attorney

USA-WA-Woodinville

The ideal candidate will have 2-3 years’ experience as an attorney, who is passionate about br...

Apply now

Legal Secretary / Paralegal

USA-UT-Ogden

Have need of a legal secretary / paralegal to prepare legal documents for court filing and estate pl...

Apply now

Medical Malpractice Associate

USA-CA-Los Angeles

Downtown Los Angeles medical malpractice defense firm seeks 2-4 year associate attorney with persona...

Apply now

Immigration Attorney

USA-CA-Anaheim

Responsibilities: Make appearances in immigration court at Master Calendars and Individual Hea...

Apply now

SEARCH IN ARCHIVE

To Top