General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums"Senate Democrats are open to a requirement that those receiving Obamacare subsidies be subject to
income verification"
I would hope everyone would be OPEN to income verification before we use tax dollars to help pay for someone's insurance.
Honestly, how was this not required???
http://www.politico.com/story/2013/10/government-shutdown-debt-ceiling-default-update-98260.html#ixzz2hitxBdwj
legcramp
(288 posts)because the system wasn't up to speed yet.
lostincalifornia
(3,639 posts)MineralMan
(146,336 posts)for, say, 2014. They'll just pay the government back when they do their taxes the next year. All this income verification will do is slow the process down for applying. Currently, you simple estimate your 2014 income, ostensibly based on your 2013 income. That seems workable to me. If you screw up, you'll pay some of the subsidy money back with your 2014 taxes.
I'm not sure how they're planning to do the verification, but banks go to the IRS for that when you borrow on a mortgage loan. You sign permission, and they query the IRS for a transcript of your taxes for however many years they want. It's all automated.
As self-employed people, my wife and I can't accurately predict income a year in advance, so we'll just use the past year's return and have a look at current billings. I can get a good idea of 2013 income in October, just by printing a report.
Hutzpa
(11,461 posts)on health care? Your social security number should be sufficient information.
Do you really understand the ramification this will create on low income families?
B2G
(9,766 posts)You know, huge reductions in premiums.
How can this possibly work if you don't verify income?
Hutzpa
(11,461 posts)Why not use the same method?
You know, you guys are expressing ideas based on your personal experience but forgetting that
there are majority of Americans who are not in the same position as you are, the fight is about
those families who cannot help themselves, why create more bureaucratic landscape that will
eventually prevent those families that really need health care from getting it?
B2G
(9,766 posts)there are a large number of employed that will not be eligible for subsidies by a small margin.
If incomes aren't verified and subsidies are significantly inflated, how is this program going to pay for itself?
Hutzpa
(11,461 posts)I will assume that electronic filing will be one way of justifying that, just as your doctor keeping electronic records
about all your health problems in a data centre. (which some here do not agree with) will be the way forward.
Once your ID has been verified using your social security number, a history of present and past employment should
be accessed which will give your pay scale. This will also prevent unnecessary wage escalation because everything
is tied into each other.
Also, the truth is I don't trust the republicans.
grantcart
(53,061 posts)If your income changes then your subsidy will automatically be adjusted.
I got a $ 3600 subsidy but expect (if the government gets back to work) to work my way either out of the subsidy or to no subsidy all together.
B2G
(9,766 posts)refunded once your taxes are filed?
What is someone doesn't file any taxes?
Hutzpa
(11,461 posts)was about to ask the same type of question.
What about self employed, small business owners struggling with overheads?
How can they be accounted for?
SammyWinstonJack
(44,130 posts)except TX DL and car reg.
Move around frequently.
Don't see how I can sign up for ACA.
MineralMan
(146,336 posts)The less income, the more the insurance is subsidized. Some, not many, will underestimate their income for 2014 to lower their monthly premiums. Then, when they do their 2014 taxes, there will be a line for how much you paid for your health insurance, as well as the adjusted gross income line on page 1 of your 1040. If the subsidy you received was too large, it will be reduced and you'll owe the excess back to the IRS.
ACA is means-tested, which means that income has to be figured into the calculations. If verification is required, it will prevent people from underestimating income and getting a higher subsidy than they are entitled to get.
How verification will be done is unclear. You may have to submit a copy of your 2012 1040 that shows the adjusted gross income, especially if you are self-employed. If you are employed as a W-2 employee, you'll either submit a copy of your W-2 or maybe a paycheck check stub.
But, income is part of the calculation. So, verification is on the table.
Andy823
(11,495 posts)I sent an email to the site here in Washington state to find out about verification. I was told that each person would self verify their income, and that would be checked out through the IRS tax records. If that could not be done, I assume for someone who did not file a return, then they could verify by using pay stubs, or other documents that showed their income, and would be required within a period of I think 30 to 60 days.
Not sure what the republicans want to verify, but seems like they already have it covered at least in my state.
MineralMan
(146,336 posts)It would be foolish to lie about income, I'm sure, but some might try it.
kestrel91316
(51,666 posts)need your Social Security number. The have a peek at your tax records, which is AS IT SHOULD BE.
They'd be beyond stoopit to rely on the honor system. Seriously.
Hutzpa
(11,461 posts)nt
kestrel91316
(51,666 posts)WIC or whatever.
I do NOT want teabaggers signing up for ACA, lying about income, and getting subsidies. They WOULD do that, because it's all part of "bleeding the beast".
BluegrassStateBlues
(881 posts)I've had to do income verification for everything from PELL to food stamps.
Hutzpa
(11,461 posts)the stop gap measure to fund the government until Jan 2014, I think this is a fucking disgrace
that we have a party holding the government hostage and playing patty cakes with the president.
Either they fund the government fully or they can fuck off.
We've been down this road couple of months ago and look at where we are again today.
The democrats needs to take a determined stance here for the simple fact that they have
the majority of the American people behind them.
B2G
(9,766 posts)This can't be right.
moriah
(8,311 posts)... but that's because I'll be part of my state's Medicaid expansion and am not currently receiving state benefits.
My friend, however, who will also be part of it, was already pre-approved, because her household already receives Food Stamps. They have an accurate assessment of her income there.
I think that's reasonable.
Rstrstx
(1,399 posts)It's crazy that people below 100% of the FPL get NO subsidy whatsoever but once your income hits that magic number the subsidies kick in bigtime. I'm sure it'll be fixed in the future but that's probably why they said they would waiver income verification for a year: not for the people making too much money but for those making too little
onethatcares
(16,192 posts)piss tests for drugs. Wow, I gotta get out of Floriduh.
Hutzpa
(11,461 posts)anything to deny the poor and helpless from gaining access is fear deal I suppose.
oldhippie
(3,249 posts)What's wrong with the honor system?
B2G
(9,766 posts)Lex
(34,108 posts)in the first place for ACA applicants.
B2G
(9,766 posts)Given the fact that people are already signing up...
Zorra
(27,670 posts)by a single government agency with access to IRS and SSA info, not by a corporation.
The Department of State verifies identification all the time when issuing passports.
HockeyMom
(14,337 posts)Do you have a combined income over $170,000? Verification of my age? Nope. The government cannot get all this info from your SS number, and your tax returns? Why do they need to do this if you are under 65, but not over?
CBGLuthier
(12,723 posts)that some SOB is getting a buck they do not deserve.
Wounded Bear
(58,728 posts)they haven't earned.