CRS report reviews eligibility rules for premium tax credit qualification
Posted on February 5, 2013 | No Comments
The Congressional Research Service (CRS) issued a report on February 1 outlining the requirements taxpayers must meet in order to qualify for premium tax credits under the Affordable Care Act (ACA). The CRS report, entitled Health Insurance Exchanges Under the Patient Protection and Affordable Care Act (ACA), reviews exchange functioning at the state level and explains how to determine consumer eligibility for the tax credit and cost-sharing subsidies. According to the report, because the premium tax credits are advanceable, it is necessary to determine eligibility for credits at the time of application. Exchanges may determine applicant eligibility directly or may choose to implement a determination of eligibility made by the U.S. Department of Health and Human Services (HHS). The report also outlines how the exchanges interact with the individual mandate, employer requirements, and Medicaid.