1. Patient Protection and Affordable Care Act (PPACA) Better known as ACA
What ACA means to the taxpayer and to the counselor – Part 2

2. Three Situations to Consider
See charts in ACA Tab Pub 4012
Taxpayer, Spouse and Dependents had insurance all year
Taxpayer, Spouse and Dependents had NO insurance all year
Taxpayer, Spouse and/or Dependents had insurance part of the year
The purpose of chart 1 is to determine if the taxpayer(s) qualify for the Premium Tax Credit (PTC).
The purpose of chart 2 is to determine if a Shared Responsibility Payment (SRP) is applicable
The purpose of chart 3 is to resolve the part year situation
The charts in ACA Tab Pub 4012 are much more detailed than presented here

3. Taxpayer, Spouse and Dependents Had Insurance All Year
This chart is a summary of the chart on page ACA-1 of Pub 4012 Tab ACA which has greater detail
Refer to Pub 4012 Tab ACA Page ACA-1 for more detail

4. ACA Tab Pub 4012 – 2014 Federal Tax Filing Requirements Thresholds
From ACA Tab Pub Gross income means all income you received in the form of money, goods, property, and services that is not exempt from tax, including any income from sources outside the United States or from the sale of your main home (even if you can exclude part or all of it). Include only the taxable part of social security benefits (Form 1040, line 20b; Form 1040A, line 14b). Also include gains, but not losses, reported on Form 8949 or Schedule D. Gross income from a business means, for example, the amount on Schedule C, line 7, or Schedule F, line 9. But, in figuring gross income, do not reduce your income by any losses, including any loss on Schedule C, line 7, or Schedule F, line 9.
See Pub 4012 ACA Tab page ACA-6 for definition of gross income

5. Taxpayer, Spouse and Dependents Had Insurance All Year

6. Examples – Minimum Essential Coverage – ACA Tab Pub 4012
SEE PUB 4012 TAB ACA PAGE ACA-4 FOR ADDITIONAL QUALIFING COVERAGE

7. Example – Does Not Qualify for Minimum Essential Coverage – ACA Tab Pub 4012
*In Notice , the IRS announced relief from the individual shared responsibility payment for months in 2014 in which individuals are covered under one of these programs. Information will be made available later about how to claim an exemption for one of these programs on your income tax return.
SEE PUB 4012 ACA TAB PAGE ACA-4 FOR ADDITIONAL NONE QUALIFING MEC *

8. Verification of MEC
Many taxpayers will not have tax document that verifies MEC in 2014
Coverage reporting by employers and insurers is voluntary for 2014; will be mandatory starting in Tax Year 2015.
In general, tax preparers will take clients at their word on insurance coverage this year
Standard rules apply: Tax return is signed under penalty of perjury

9. MEC Questions
Sandy is covered under health insurance offered by her spouse's employer. Does she have minimum essential coverage?
Yes - Employer-sponsored coverage is generally minimum essential coverage .

10. MEC Questions
2. Peter's employer has a health plan that is "grandfathered." Is Peter's employer's health plan minimum essential coverage?
Yes - Grandfathered group health plans are minimum essential coverage

11. MEC Questions
3. James is retired and too young to be eligible for Medicare. He received his health coverage through a retiree health insurance plan offered by his former employer. Is the retiree plan minimum essential coverage?
Yes - Retiree health plans are generally minimum essential coverage.

12. MEC Questions
4. Valerie is a local government employee and she enrolls in group health insurance coverage offered by her employer. Does she have minimum essential coverage?
Yes - Employer-sponsored coverage is minimum essential coverage regardless of whether the employer is a governmental, nonprofit, or for-profit entity

13. Cost of employer-sponsored coverage
Tax Forms That Show MEC
Cost of employer-sponsored coverage
Medicare premiums deducted from benefits

14. 1095-B – From Insurance Co where Taxpayer purchased insurance – optional 2014
Optional for TY14. In following years insurance companies will be required to issue this form to taxpayers who buy insurance from them

15. Might See Form 1095-C – Optional 2014
Not required for TY14. Employers who provide coverage to employees will be required to issue this form.

16. Minimum Essential Coverage
Form 1095-A is required to be delivered to taxpayers by January 31, 2015

17. MEC Purchased through Marketplace – Form 1095-A

18. Form 1095-A
Part II of Form 1095-A allows for all household members

19. A. Monthly premium amount is the amount that plan costs. B
A. Monthly premium amount is the amount that plan costs. B. The monthly premium amount of the second lowest cost silver plan is a benchmark comparison plan. It is intended to limit the amount of PTC to the lower of column A or B. C. The monthly advance payment of PTC is the credit that the taxpayer received which was either sent to the insurance company or was retained to be collected on the TY14 tax return.

20. Taxpayer, Spouse and Dependents Had Insurance All Year
It will be seen later that TW14 provide calculations once Form 1095-A information is added

21. MEC Purchased Through Marketplace
May be eligible for Premium Tax Credit
Refundable Credit
Must buy Health Insurance through Marketplace
Household income within 100%*– 400% of government federal poverty guidelines
* See F8962i page 5, line 6 for exceptions
Exchange will send Form 1095-A to taxpayer by 1/31/15 to allow reconciliation on tax return using Form 8962

22. Premium Tax Credit Available 100% – 400% Poverty Guidelines – Pub 4012 Tab ACA
400% of federal poverty guidelines is a hard limit. Any amount over 400% results in no Premium Tax Credit. This could present a problem when taxpayers start the year assuming a total household income that qualifies for an advance payment of PTC only to find out at the end of the year their household income has exceeded 400% of FPL. This would mean that the advance PTC would have to be listed as an expense on the 2014 tax return. Note there are actually two additional Federal Poverty Lines for Alaska and Hawaii.
There are three Federal Poverty Levels; Alaska, Hawaii and other 48 states and DC
Separate tables available in Pub 4012 Tab ACA Page ACA-8 for Alaska and Hawaii

23. Income Limits Based on 2013 FPL
One Individual
$11,490 (100% FPL) – $45,960 (400% FPL)
Family of two
$15,510 (100% FPL) – $62,040 (400% FPL)
Family of four
$23,550 (100% FPL) – $94,200 (400% FPL)
Examples of income ranges for various filing categories.
Example – Based on 2013 FPL, family of four could have household income up to and including $94,200 and still be eligible for PTC

24. Affordable Percentage Calculation Example
John is single and had household income of $28,725
FPL for single: $11,490 – 100%
$28,725/$11,490 = 250%
Simple example to demonstrate PTC. The first thing is to determine the percentage of the Federal Proverty Line

25. Expected Premium Contribution
Graph shows a representation of information included in the chart included on page ACA-10 of the Pub 4012 Tab ACA. This chart shows the expected premium contributions as a percent of income that the taxpayer is expect to pay.

26. Affordable Percentage Calculation Example
John is single and had household income of $28,725
FPL for single: $11,490 – 100%
$28,725/$11,490 = 250% (.0805)
Benchmark premium plan – $5,200
$28,725 x = $2,312 (John Paid)
$5,200 - $2,312 = $2,888 PTC
Based on the percent of FPL John is expected to pay $2,312. Since the cost of the benchmark premium plan is $5,200, he has $2,888 of PTC which is sent to the insurance company or retained to be claimed on the TY14 tax return.

27. Calculation of Credit Credit claimed on Form 8962
Need Benchmark Plan Premium for area
Form 1095-A
Need Household Income + Federal Poverty Line (FPL) for area
Affordable percentage table value
For purposes of the Premium Tax Credit, taxpayers’ household income is their modified adjusted gross income plus that of every other individual in their family for whom they can properly claim a personal exemption deduction and who is required to file a federal income tax return. Modified adjusted gross income is the adjusted income on the federal income tax return plus any excluded foreign income, nontaxable social security benefits (including tier 1 railroad retirement benefits), and tax-exempt interest received or accrued during the taxable year. It does not include Supplemental Security Income (SSI)

28. Household Income for PTC
Modified adjusted gross income for taxpayer (and spouse)
Plus
MAGI for all other individuals for whom claim personal exemption deductions and are required to file a federal income tax return

29. Different Definitions of MAGI
Modified Adjusted Gross Income is AGI Plus:
Form 8962 (PTC)
Form 8965 (Exemptions/SRP)
Foreign earned income
Tax-exempt interest
Social Security benefits not included in income
Foreign earned income
Tax-exempt interest
Foreign housing exclusion or any foreign housing deduction claimed

30. Form 8962 (Draft)
TW14 should calculate all of this information except for line 2b

31. Part 2 line 11 assumes same amount of PTC for each month and that a shared policy is not applicable.

32. Form 8962 (cont)
$2312
$2,888
$2,888
Information from 1095-A would be entered into TW14 which should calculate any net PTC as a result of the reconciliation and enter the result on Form 1040 to be shown later in this presentation
The monthly advance payment of PTC is shown as ???? so that an example could be shown where Advance Payment is more than the 2014 Tax Return amount and where the Advance Payment is less than the 2014 Tax Return amount in the following charts
$5,000
$5,200
$?????

33. Net Premium Tax Credit Form 1040 $2,888 <$2,888
If there is a net positive PTC it will be entered on Line 69 of the 1040

34. Repayment of Excess Advance Net Premium Tax Credit
$2,888
>$2,888
If there is an excess PTC then the excess will have to be paid back on the tax return subject to the limitations on the next slide

35. Repayment of Excess Advance Net Premium Tax Credit
TW14 should apply the limitation and enter any excess advance payment on line 46 of Form 1040 (Tax and Credit section)

36. Question on Advance PTC
Roger's advance credit payments are $2,400. He is single with no dependents, and lives in Mississippi. His household income is over 400% of the FPL for a family size of one. How much of his advance credit payments will be included as an additional income tax liability on his tax return? A $0 B $1,000 C $1,400 D $2,400 Answer: D - Because Roger's household income is over the 400% FPL, his additional tax liability is not capped by the additional tax limitation table.

37. Form 8962 Continued – See ACA Tab in Pub 4012 for Worksheet
See Pub 4012 Tab ACA for a flow chart where a Shared Policy may be applicable

38. Form 8962 Continued – See ACA Tab in Pub 4012 for Worksheet
See Pub 4012 Tab ACA page ACA -12 for a flow chart for calculation for year of marriage eligibility

39. 1. Question on PTC Judy is single with no dependents.
In December 2013, Judy enrolled through the Marketplace in a qualified health plan for 2014.
On July 14, 2014, Judy enlisted in the Army and was immediately eligible for government sponsored minimum essential coverage
For what period is Judy able to claim a premium tax credit (if she meets all of the eligibility criteria)?

40. 1. Answer to Question on PTC
A The entire year
B January through June
C January through July
D Judy is not eligible for the premium tax credit

41. 2. Question on PTC
Piper’s income is 300% of the FPL for her family size. For this tax year, she purchased health insurance through her employer. Is she eligible to take the premium tax credit for herself?
Answer: No. The coverage must have been purchased through the Marketplace.

42. 3. Question on PTC
Patrick is single and has no dependents. In November 2013, the Marketplace projected his 2014 household income to be $27,825 Patrick enrolled in a qualified health plan The Marketplace determined he was eligible for advance payments of the premium tax credit, but he decided to claim the credit on the return Patrick began a new job in August 2014 and became eligible for employer-sponsored coverage on September 1st.

43. 3. Question on PTC Is he eligible for the premium tax credit?
Answer: Since Patrick became eligible for employer-sponsored coverage in September, he is eligible for a premium tax credit from January through August of 2014.

44. 4. Question on PTC
Harry purchased insurance through the Marketplace. What documentation will he receive to prepare his tax return? Answer: He will receive Form 1095-A.

45. 5. Question on PTC
Changes in circumstances that can affect the amount of the premium tax credit include: A Decrease in household income B Marriage C Birth of a child D Losing employer-sponsored health care coverage E All of the above

46. Summary – Taxpayer Who Had Insurance All Year
If Taxpayer had minimum essential coverage and insurance was purchased through the Marketplace, there is potential for Premium Tax Credit
Premium Tax Credit is calculated on Form with information provided by the Marketplace on Form 1095-A

47. Taxpayer, Spouse and Dependents Had No Insurance All Year
This is a summary chart. Pub 4012 Tab ACA page ACA-2 has greater detail. If an exemption is received from the Marketplace or if the taxpayer qualifies for either an IRS exemption or a personally defined exemption then Form 8965 must be prepared. Implementation in TW will be shown later.

48. Who needs an exemption?
Screen each individual on tax return who did not have MEC for the entire year exemption eligibility
Start with exemptions that can be claimed on tax return
Much simpler than applying for Marketplace applications on paper
Some exemptions cover specific months; some are good all year
Some exemptions need advance approval from Marketplace
Some exemptions represent “transition relief” to help taxpayers in 2014 only
Screening individuals for an exemption, if needed, will be an important part of the counselor interview. AARP Tax-Aide is not a Navigator or other in-person assister but we can provide assistance in possible exemptions that the taxpayer can pursue.

49. Form 8965
Part 1 of Form 8965 is used to enter Health Coverage Exemptions issued by the Marketplace. An Exemption Certificate Number is required.

50. Marketplace Granted Exemptions
These are the coverage exemptions that must by issued by the Marketplace. There are many other exemptions that are lumped into [You are experiencing circumstances that prevent you from obtaining coverage under a qualified health plan] as shown on the next two slides. The first exemption is the gateway to 14 other hardship exemptions shown on the next charts.

51. Form 8965 Part II Taxpayer Selected Exemptions
Form 8965 Part II – The taxpayer can claim these two exemption on their own without Marketplace approval.

52. Question – Coverage Exemption
If Randy is not required to file a federal income tax return, does he need to claim an exemption from the individual shared responsibility provision? Answer - If Randy is not required to file a because gross income is below filing threshold, he is exempt from the shared responsibility provision. If he files return anyway, he should claim the exemption on Form 8965.

53. Form 8965 Part III Exemptions Claimed on the Return
Form 8965 Part III – Exemption delineated on the next slide may be claimed by the taxpayer by entering an applicable code as shown on the next slide

54. Form 8965 Part III Exemptions Claimed by the Taxpayer
Exemption H only available in 2014

55. Part III Exemptions From the Marketplace or on Tax Return
Form 8965 Part III – These exemptions can be granted by either the Marketplace or the Taxpayer

56. Types of Exemptions YES NO YES NO NO YES NO apply
Does the taxpayer already have an exemption from the Marketplace?
YES
Enter on Form 8965, Part I NO
Does the taxpayer have income below the filing threshold?
Applies to the entire household for the entire year.
YES
Enter on Form 8965, Part II NO
Exemptions for individuals (duration varies):
Exemptions for individuals that have a limited duration:
Exemption
Exemption Code
Certain noncitizens and citizens living abroad
Code C
Health care sharing ministry
Code D
Federally-recognized Indian tribe or eligible for IHS
Code E
Limited benefit Medicaid
Code H
Incarceration
Code F
Insurance is unaffordable
Code A
Aggregate cost of insurance is unaffordable
Code G
Exemption
Exemption Code
Short coverage gap
Code B
Coverage by May 1 or “in-line”
Code G
Non-calendar year coverage
Code H
A useful summary chart NO NO
Does anyone qualify for a Marketplace hardship exemption?
YES
Enter on Form 8965, Part I
apply

57. Taxpayer, Spouse and Dependents Had No Insurance All Year
This is a summary chart. Pub 4012 Tab ACA page ACA-2 has greater detail.

58. Individual Shared Responsibility Payment (ISRP)
Year
Full-year payment is greater of:
2014
1% of income above tax filing threshold (up to cap*)
$95 per adult, $47.50 per child
(up to cap of $285)
2015
2% of income above tax filing threshold (up to cap*)
$325 per adult, $ per child
(up to cap of $975)
2016
2.5% of income above tax filing threshold (up to cap*)
$695 per adult, $ per child
(up to cap of $2,085)
> 2016
Values increased by a cost-of-living adjustment
* Capped at national average premium of a bronze level plan purchased through a Marketplace. For 2014, the cap is $2,448 per individual ($204 per month per individual), with a maximum of $12,240 for a family with five or more members ($1,020 per month for a family with five or more members).

59. Calculating the ISRP– Partial Year Coverage
ISRP is prorated for number of months without coverage during tax filing year
Uninsured and not eligible for exemption
Gets job with employer coverage
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Without coverage for 7 months
ISRP = 7/12 of annual calculation

60. Example: Reyes Family (MFJ)
Income:
$39,500 (168% FPL)
Filing Status:
Married, filing jointly
Adults:
2 (both uninsured)
Children:
Tax Filing Threshold:
$20,300
Months Uninsured: 12
ISRP Calculation:
1. $39,500 - $20,300 = $19,200
x 1%
$192.00
2. $95 x 2 adults + $47.50 x 2 children = $285.00
ISRP for 2014

61. Shared Responsibility Payment Entered on 1040 Ln 61
TW14 should enter the SRP on 1040 line 61

62. Summary – Taxpayer Had No Insurance All Year
If the taxpayer qualifies for exemption – Form 8965 must be completed
If taxpayer does not qualify for exemption, then individual shared responsibility payment (ISRP) may be required on 2014 Form 1040
Taxpayer refers to the taxpayers tax family. Implementation of this in TW will be shown later.

63. ISRP Partial Year Essential Health Insurance Coverage
Refer to ACA Tab Pub 4012
Worksheet for partial year coverage (ACA-9)
2014 National Average Bronze Plan Premium Table (ACA-10)
2014 Federal Tax Filing Requirement Thresholds (ACA-6)

64. TaxWise computation of ISRP using 1040 Wkt8
TaxWise does a nice job of computing ISRP so rather than go through the 4012 ACA Tab worksheet it is much easier to use TW 1040 Wkt8. ACA and TW will be discussed in more detail later in this presentation

65. It is up to the taxpayer to identify the modified AGI for all dependents WHO HAVE A FILING REQUIREMENT.

66. Question - ISRP
Keith and Kathy are married with dependent children. Must they all be covered under the same policy or plan to satisfy the individual shared responsibility provision? Answer - They do not have to be covered under the same policy or plan. However, they must all have minimum essential coverage or qualify for an exemption, or Keith and Kathy will owe a shared responsibility payment when they file a return.

67. TaxWise and ACA

68. Counselor verifies full year coverage
Implementation in TaxWise is very simply when the taxpayer and all dependents had full year health care coverage.

69. 1. Full-Year Coverage for Entire Household
Check box on 1040 Ln 61
Counselor will have to check the box on 1040 ln 61 if there is full-year heath insurance coverage. When checked no further action is required for ACA
No further action required for ACA

70. 2. Otherwise… If
Any member of taxpayer’s household has MEC for less than entire year -OR-
Insurance was purchased through the Marketplace -OR-
Exemptions are applicable
Select 1040 Wkt8
Focal point for ACA
Keep in mind that TW 1040 Wkt8 is a Shared Responsibility Worksheet but it is also helpful in bringing up Forms 8962 and 8965 when needed

71. Jeremy Clark Interview/Intake Sheet Part VI
Jeremy’s family unit (included on his tax return) did not all have health insurance coverage for the year, therefore 1. is No. Also no APTC was received. Janice had not insurance at all during the year so she is going to have an ISRP. In TW select 1040 Wkt8.

72. TW14 1040 Wkt8 Determine SRP Check [Full] or months without MEC
Full (meaning full health insurance coverage for the year) is checked for Jeremy and his two sons. Mkt means insurance purchased through the Marketplace. Exm means an exemption is applicable. Keep in mind that this is a SRP worksheet therefore enter checks for all months that Janice did not have health insurance coverage.

73. SRP Calculated on Wtk8
The SRP is calculated by TW except that the total modified AGI for all dependents THAT HAVE A FILING REQUIREMENT must be entered on line 7.

74. SRP Transferred to 1040 Ln 61
TW enters the SRP on 1040 ln 61

75. Gail Hudson Intake/Interview Sheet Part VI
In this situation Gail had insurance for less than 12 month but she had an exemption for the other months.

76. Taxpayer qualifies for an exemption
Taxpayer purchased insurance through Marketplace beginning in March for a possible exemption in Jan and Feb
Only the Mkt & Exm are checked since the exemption will cover the months for which there was no health care insurance. Note that no monthly boxes are checked. Counselors in training have made the mistake of entering checks Jan and Feb which generates a SRP. Since the exemption covers these months no monthly checks should be entered.
When Exm is checked, Form 8965 is loaded into the tree

77. Without Coverage < 3 Months
Gail qualified for the short coverage gap exemption and the exemption can be entered as shown on the next year without Marketplace approval. This is known as an IRS exemption since the IRS can either accept or reject the exemption

78. Complete Form 8965 for Exemption for Jan and Feb
Entries can be made for the taxpayer in Part III of form 8965

79. 4. Eligible for Premium Tax Credit?
Since Gail purchased health insurance through the Marketplace for March through December, check Mkt which will load Form 8962
When Mkt is checked, Form 8962 is loaded into the tree

80. PTC Calculated from 2014 Return
TW will automatically calculate the allowable PTC based on the TY14 return. Note that the modified AGI for dependent’s with a filing requirement must be entered on line 2b. Since the two boys do not have a filing requirement no entry is made.

81. Marketplace sends Form 1095-A
This is the form that Gail received from the Marketplace showing details of her health insurance purchased.

82. Enter Information from Form 1095-A on Form 8962
The information from Form 1095-A is entered on Form 8962 as shown highlighted. Columns C, D, & E are automatically calculated.

83. Calculated PTC Less Than Advance PTC
The reconciliation shows that when Gail purchased the insurance she was granted an APTC of $142 per month. TW carried forward the Gail’s calculated monthly contribution or $220 which meant that she was allowed a PTC of $114 per month. So, she actually received $280 more during the year than she should have paid $280 more for the year.

84. Repayment of Excess Advance PTC – 1040 Ln 46
Form 8962 Part 3
1040 Pg 2
TW checks the repayment against the repayment limitation and the enters the amount on 1040 Ln 46

85. If Net PTC – 1040 Ln 69 Form 8962 Part 3 1040 Pg 2
In another case, if the taxpayer was due more than had been advanced, the amount would be entered on Ln 69

86. Keys to successful application of ACA
Carefully complete Part VI of the Intake/Interview Sheet using probing questions
Use the [ACA Resource Tool for Tax Counselors] laminate to determine steps needed
Use TW 1040 Wkt8 as the starting point if full year coverage isn’t applicable

87. Intake/Interview & Quality Review Sheet – Form 13614-C
The Intake/Interview & Quality Review Sheet is going to be key to completion of the tax return. It is important that information be distributed in advance to taxpayers so they know what to bring with them to allow preparation of their return. Proper preparation of this information will allow screening of returns so that more complicated returns are routed to experienced counselors.

88. Health Insurance Interview Questions
Did you, your spouse and all dependents have Medicare or Medicaid all or part of the year?
If only part of the year what months were covered?
Did you, your spouse and all dependents have health insurance that meets the Minimum Essential Coverage all or part of the year?
The requirement for this information from taxpayers needs to be communicated in advance.

89. Health Insurance Interview Questions
Did you, your spouse and all dependents purchase health insurance through the Marketplace?
If yes, Form 1095-A is required
Did you, your spouse and all dependents qualify for an exemption for all or part of the year?
If yes, provide exemption certificate number(s) or exemption code(s) received from the IRS or Marketplace
Additional questions will be required if taxpayer had PTC or if exemptions are required.

90. Counselor Interview Flow Chart
Use the ACA Resource Tool for Counselors as a guideline for implementing ACA requirements in the tax return and us the reverse side to provide an overview of what taxpayers need to know. This may be helpful particularly if a taxpayer find they have a SRP they weren’t expecting.

91. Summary - ACA Steps in Tax Return
Did everyone on the tax return have coverage all year?
Step 1
YES NO
See Step 2. Determine whether any person on the return can be exempt from penalty. (Form 8965)
Is anyone on the tax return eligible for an exemption from the coverage requirement for any month during the year?
Step 2
Can this exemption be granted by the IRS on the tax return? OR
Does this exemption require approval from the Marketplace?
This is another overview representation of the steps to take in satisfying ACA requirements on the tax return.
If no coverage and no exemption, calculate Individual Responsibility Payment using tax worksheet.
Step 3
If someone on the tax return purchased coverage in the Marketplace and qualifies for a premium tax credit, complete Form 8962.
Step 4

92. Information to be distributed to taxpayers IN ADVANCE
What health care information do I need to bring with me this year to support tax preparation?
Bring health insurance coverage information for you, your spouse and all dependents
If you don’t have full year coverage, bring information on monthly coverage
If you purchased health insurance through the Marketplace/Exchange you must bring Form A with you. You should receive this form by 1/31/15.
Bring any health care exemptions received from the IRS or the Marketplace.
Last but not least, it is going to be important to get out information that will be needed to prepare tax returns, to taxpayers IN ADVANCE.

93. Exemption Status Exemptions – The most likely area for change
Form 8965 instructions – Not expected to be finalized until late December / early January
Hardship options have been identified by the Health Insurance Marketplace

94. Marketplace Granted Exemptions
These are the coverage exemptions that must by issued by the Marketplace. There are many other exemptions that are lumped into [You are experiencing circumstances that prevent you from obtaining coverage under a qualified health plan] as shown on the next two slides. The first exemption is the gateway to 14 other hardship exemptions shown on the next charts.

95. From Health Insurance Marketplace Form OMB No. 0938-1900
The following chart are copied from Health Insurance Marketplace form OMB No A copy can be obtained by going to Healthcare.gov and search for hardship exemptions. A copy of the this form should be available at sites to be printed out as needed.

97. This document is available to the taxpayer to allow them to apply for an exemption based on hardship.

99. Center on Budget and Policy Priorities (CBPP)

100. Affordable Care Act
Questions?
Comments…

101. 2014 Regional Meeting