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"Senate Democrats are open to a requirement that those receiving Obamacare subsidies be subject to (Original Post) RB TexLa Oct 2013 OP
I had understood that the income verification was required but had been waived for a year legcramp Oct 2013 #1
That is exactly right lostincalifornia Oct 2013 #15
The IRS can collect on the back end, if someone underestimates income MineralMan Oct 2013 #2
Why should there be income verification Hutzpa Oct 2013 #7
Because they're getting a SUBSIDY B2G Oct 2013 #9
How does unemployment work again? Hutzpa Oct 2013 #18
You are forgetting that B2G Oct 2013 #21
Very good question Hutzpa Oct 2013 #22
The subsidy is based on your IRS filing. grantcart Oct 2013 #25
Is the subsidy received prior to making initial payment or B2G Oct 2013 #26
You beat me to it Hutzpa Oct 2013 #28
That's where I am, do not file taxes and after buying an RV to live in, no ties to any state SammyWinstonJack Oct 2013 #33
The subsidy is partly based on income. MineralMan Oct 2013 #14
I asked that question Andy823 Oct 2013 #19
Yes. Each state that has set up an exchange has its own rules. MineralMan Oct 2013 #20
They've already told me that I will be subject to income verification. That's why they kestrel91316 Oct 2013 #3
And you accept that? Hutzpa Oct 2013 #8
Of course. LOL. I want people's incomes verified, just like they do before giving you food stamps or kestrel91316 Oct 2013 #23
Not new. BluegrassStateBlues Oct 2013 #4
Here in lies the problem Hutzpa Oct 2013 #5
Wait, there's currently no income verification required?? B2G Oct 2013 #6
I'm going to have to submit verification.... moriah Oct 2013 #13
If I were at 99% of the FPL I'd nudge my numbers up just a little Rstrstx Oct 2013 #10
gaud, at first I thought you were going to say onethatcares Oct 2013 #11
Wont surprise me if they eventually go down that road Hutzpa Oct 2013 #17
What? You don't trust people? oldhippie Oct 2013 #12
Your forgot the sarcasm tag B2G Oct 2013 #16
I figured the IRS was cross-referencing income Lex Oct 2013 #24
Is it a littel scary that no one knows how this works? B2G Oct 2013 #27
Income and identity verification services should be administered and performed simultaneously Zorra Oct 2013 #29
No income verification for Medicare Part B HockeyMom Oct 2013 #30
Ahh the great american obsession CBGLuthier Oct 2013 #31
While other SOBs get billions of them... Wounded Bear Oct 2013 #32
 

legcramp

(288 posts)
1. I had understood that the income verification was required but had been waived for a year
Mon Oct 14, 2013, 02:49 PM
Oct 2013

because the system wasn't up to speed yet.

MineralMan

(146,336 posts)
2. The IRS can collect on the back end, if someone underestimates income
Mon Oct 14, 2013, 02:49 PM
Oct 2013

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)
7. Why should there be income verification
Mon Oct 14, 2013, 03:00 PM
Oct 2013

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)
9. Because they're getting a SUBSIDY
Mon Oct 14, 2013, 03:02 PM
Oct 2013

You know, huge reductions in premiums.

How can this possibly work if you don't verify income?

Hutzpa

(11,461 posts)
18. How does unemployment work again?
Mon Oct 14, 2013, 03:22 PM
Oct 2013

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)
21. You are forgetting that
Mon Oct 14, 2013, 03:26 PM
Oct 2013

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)
22. Very good question
Mon Oct 14, 2013, 03:39 PM
Oct 2013

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)
25. The subsidy is based on your IRS filing.
Mon Oct 14, 2013, 04:05 PM
Oct 2013

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)
26. Is the subsidy received prior to making initial payment or
Mon Oct 14, 2013, 04:06 PM
Oct 2013

refunded once your taxes are filed?

What is someone doesn't file any taxes?

Hutzpa

(11,461 posts)
28. You beat me to it
Mon Oct 14, 2013, 04:08 PM
Oct 2013

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)
33. That's where I am, do not file taxes and after buying an RV to live in, no ties to any state
Mon Oct 14, 2013, 06:10 PM
Oct 2013

except TX DL and car reg.

Move around frequently.


Don't see how I can sign up for ACA.

MineralMan

(146,336 posts)
14. The subsidy is partly based on income.
Mon Oct 14, 2013, 03:07 PM
Oct 2013

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)
19. I asked that question
Mon Oct 14, 2013, 03:22 PM
Oct 2013

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)
20. Yes. Each state that has set up an exchange has its own rules.
Mon Oct 14, 2013, 03:24 PM
Oct 2013

It would be foolish to lie about income, I'm sure, but some might try it.

 

kestrel91316

(51,666 posts)
3. They've already told me that I will be subject to income verification. That's why they
Mon Oct 14, 2013, 02:50 PM
Oct 2013

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.

 

kestrel91316

(51,666 posts)
23. Of course. LOL. I want people's incomes verified, just like they do before giving you food stamps or
Mon Oct 14, 2013, 04:01 PM
Oct 2013

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".

Hutzpa

(11,461 posts)
5. Here in lies the problem
Mon Oct 14, 2013, 02:56 PM
Oct 2013

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.

moriah

(8,311 posts)
13. I'm going to have to submit verification....
Mon Oct 14, 2013, 03:07 PM
Oct 2013

... 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)
10. If I were at 99% of the FPL I'd nudge my numbers up just a little
Mon Oct 14, 2013, 03:03 PM
Oct 2013

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

Hutzpa

(11,461 posts)
17. Wont surprise me if they eventually go down that road
Mon Oct 14, 2013, 03:12 PM
Oct 2013

anything to deny the poor and helpless from gaining access is fear deal I suppose.

 

B2G

(9,766 posts)
27. Is it a littel scary that no one knows how this works?
Mon Oct 14, 2013, 04:08 PM
Oct 2013

Given the fact that people are already signing up...

Zorra

(27,670 posts)
29. Income and identity verification services should be administered and performed simultaneously
Mon Oct 14, 2013, 04:14 PM
Oct 2013

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)
30. No income verification for Medicare Part B
Mon Oct 14, 2013, 04:15 PM
Oct 2013

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?

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