Tag Archive: $21.8 Million in Obamacare Tax Credits Awarded to Individuals Who Were Not Eligible to Receive Them

$21.8 Million in Obamacare Tax Credits Awarded to Individuals Who Were Not Eligible to Receive Them

Ineligible enrollees can still receive payments due to ACA’s ‘good faith’ provision BY: Ali MeyerFollow @DJAliMeyer The Affordable Care Act exchanges awarded $21.8 million in advance premium tax credits to individuals who were not eligible to receive them, according to an audit from the Treasury Inspector General for Tax Administration. Advance premium tax credits are awarded to those with low to moderate income to help rein in the cost of purchasing health care insurance on the exchanges. The Centers for Medicare and Medicaid Services is responsible for overseeing the Obamacare exchanges which should ensure that an individual who applies for… View Article