Shared Responsibility Payment for those who enrolled at end of the period - 2014
Dec 31st 2014, 3:50 pm
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Shared Responsibility Payment for those who enrolled at end of the period - 2014
I thought this link may be useful for those worried about the shared responsibility payment, prior to their enrolment in a 'bamacare plan ...
http://www.cms.gov/CCIIO/Resources/F...10-28-2013.pdf
"Specifically, if an individual enrolls in a plan through the Marketplace prior to the close of the initial open enrollment period, when filing a federal income tax return in 2015 the individual will be able to claim a hardship exemption from the shared responsibility payment for the months prior to the effective date of the individual’s coverage, without the need to request an exemption from the Marketplace. Additional detail will be provided in 2014 on how to claim this exemption."
http://www.cms.gov/CCIIO/Resources/F...10-28-2013.pdf
"Specifically, if an individual enrolls in a plan through the Marketplace prior to the close of the initial open enrollment period, when filing a federal income tax return in 2015 the individual will be able to claim a hardship exemption from the shared responsibility payment for the months prior to the effective date of the individual’s coverage, without the need to request an exemption from the Marketplace. Additional detail will be provided in 2014 on how to claim this exemption."
