Search
 

40 percent of subsidized households could lose benefit

Forty percent of households that received subsidies for their coverage in 2015 havent properly filed 2014 tax returns yet and, in theory, wont be able to apply for a subsidy in 2016 as a result.

By Dan Cook | Updated on August 26, 2015
Photo: Associated Press

A train wreck has occurred on the way to health coverage for all in the U.S. Forty percent of households that received subsidies for their coverage in 2015 haven’t properly filed 2014 tax returns yet and, in theory, won’t be able to apply for a subsidy in 2016 as a result.

That’s what the Treasury Department determined after comparing tax filers with those who’d received subsidies. A report from the Associated Press/Washington Times said the Treasury identified the problem when reviewing tax records of the 4.5 million households that got subsidies. Of the 1.8 million who are at risk of losing subsidies:

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dan Cook

Dan Cook

Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.

More from this author

Dig Deeper

Recommended Stories

BenefitsPRO Broker Expo 2025 (BPRO)Event

The premier educational and networking event for employee benefits brokers and agents.

Get More Information
 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.