Just my 2 cents. ACA, in Calif. call Covered CA.
Wife, 2 kids, got subsidy. Wife, starts Medical July 1. Wife call Covered CA
early June. Say's take me off, effective July 1. Covered CA rep, says, better to wait, and call June 30th. Because if you put the request in now,
your cover age may end NOW, not June 30th. (glitch in system).
Wife calls, today, June 30, AM. At least she got a "live" person. CSR says,
sorry, system will be down for a week!. But, CSR, says, give him the information, and he will enter in the information next week, retroactive to
June 30th, effective July 1st.
Have many more stories, Moral, this all system is a mess. Not well thought out.
Use 2102, form 1040 to verify income. But subsidy is based on 2014 income which is still "pending". And if you are $1 over set limits, you lose
subsidy and have to pay it back.
Base on my experience with Normal IRS audits, It usually take 3 years, for
IRS to audit tax return after it's filed.
Wonder if this ACA, system, will take that long to inform "clients" if they
went over limits to qualify for ACA. ie. If you own a lot of Mutual Funds,
you really don't know, until you receive your 1099's how much, capital
gains, dividends etc, you made for the previous year.....
Sorry just venting a little.....