Today, the Centers for Medicare and Medicaid Services (“CMS”) announced that approximately 800,000 taxpayers who received health care coverage through thewere sent wrong information on their Forms 1095-A. The “second lowest cost Silver plan” benchmark amount is wrong. The CMS urges people receiving 1095-A to wait until the first week of March to file their returns. If you received an erroneous Form 1095-A, you should get a corrected replacement by then.
Then, in its blog on its website, the CMS goes on to explain why this is no big deal:
- It’s only 800,000 wrong forms.
- Only 10% of tax filers with Marketplace coverage in 2014 are affected.
- Only 20% of the tax filers with Marketplace coverage in 2014 and who used tax credits to lower their premium cost were affected.
- Only 50,000 tax filers (less than 0.05% of total tax filers) have filed their returns at blog time.
- Less than 1% of total tax filers are affected.
- You can go on the website and see if your 1095-A is one of the wrong ones.
- The CMS will call everybody and make them feel better.
Makes you feel all warm and cuddly, doesn’t it?
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