Washington Health Benefit Exchange FEBRUARY 6, 2015.

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Presentation transcript:

Washington Health Benefit Exchange FEBRUARY 6, 2015

Open enrollment update ▪ 132,000 QHP enrollees ▪ 91,000 renewals ▪ 41,000 new ▪ Open enrollment ends February 15 ▪ Must pay in HPF by 9:59 p. m. (federal hub outage) ▪ If paying carrier, payment must be received/processed by February 23 ▪ March 1 coverage 2 10 days left in open enrollment

Call Center Extended Hours: ▪Saturday, February 7 th : 7:30 a.m. to 4:00 p.m. ▪Sunday, February 8 th : 7:30 a.m. to 4:00 p.m. ▪Saturday, February 14 th : 7:30 a.m. to 4:00 p.m. ▪Sunday, February 15 th : 7:30 a.m. to 9:00 p.m. 3

QHP Tax Credits Tax credit was based on estimated income and is used in Advance 4 IRS tax credit $300 Enrollee Portion of premium $150 Insurance Company QHP Plan Premium Due $450 Chosen plan has a monthly premium of $450

IRS Reconciles Tax Credits based on Actual Income 2014 Estimated Income entered in HPF Tax credit eligibility Total tax credits for year 2014 Actual Income Tax credit eligibility Total tax credit eligibility for year TAX CREDIT REPAYMENT $32,000 $300/mo $3,600/yr $36,000 $275/mo $3,300 $300 5

1095-A Statement ▪ Sent to all QHP enrollees/posted on dashboard ▪ Details tax credits IRS paid in 2014 ▪ Use information on 1095-A to complete 1040 tax return (new form 8962) 6 Tax webinar posted on training page

Translations Review 8 Spanish  Chinese  Korean  Vietnamese  Somali  Laotian  Russian  Cambodian

Special Enrollment Period Webinar February 18 – 4 p.m. To register: 77

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