I took a look at the draft Form 1095-A we will be getting since we are getting subsidized insurance. Apparently our health exchanges are supposed to be able to give us the monthly premium for the Second Lowest Cost Silver Plan (SLCSP) for each month during the year and a total on Line 33B.
Our subsidies are highly dependent on the SLCSP. Have we all been keeping track on our exchanges each month during 2014 to see what should show up as the total value at the end of the year? I have not. Even if we have, how do we know that the nitwits putting the exchange together got that number right anyway? They’ve done little correctly so far.
Typically, when we report our taxes and make various entries on our 1040s, we have ways to verify amounts. You know how much your wages were. You know what your dividends and cap gains were. We are just supposed to believe that the 1095-A we get has the correct SLCSP?
Thoughts on how to verify?
Our subsidies are highly dependent on the SLCSP. Have we all been keeping track on our exchanges each month during 2014 to see what should show up as the total value at the end of the year? I have not. Even if we have, how do we know that the nitwits putting the exchange together got that number right anyway? They’ve done little correctly so far.
Typically, when we report our taxes and make various entries on our 1040s, we have ways to verify amounts. You know how much your wages were. You know what your dividends and cap gains were. We are just supposed to believe that the 1095-A we get has the correct SLCSP?
Thoughts on how to verify?
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