Affordability & Individual Mandate Policies - Affordable Care Act and Massachusetts 2014



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Affordability & Individual Mandate Policies - Affordable Care Act and Massachusetts 2014 AFFORDABLE CARE ACT (FEDERAL) INDIVIDUAL MANDATE The federal Affordable Care Act (ACA) includes an individual mandate a requirement that most U.S. residents (including children) have health insurance or pay a penalty. The individual mandate is also known as the individual shared responsibility. Affordability Standards Your health coverage is considered affordable if the monthly premium costs 8% or less of your household income. Coverage Standards According to federal law, you must have health coverage that meets minimum essential coverage (MEC) or pay a penalty Minimum essential coverage includes the following: Any health insurance plan offered on the state marketplace (Health Connector)or any individual/family insurance plan you already have Any employer plan (including COBRA). This includes retiree plans. Medicare Medicaid (MassHealth) Children s Health Insurance Program (CHIP) TRICARE (for current service members and military retirees, their families, and survivors) Veterans health care programs (including the Veterans Health Care Program, VA Civilian Health and Medical Program (CHAMPVA), and Spina Bifida Health Care Benefits Program) Peace Corps Volunteer plans Self-funded health coverage offered to students by universities for plan or policy years that begin on or before Dec. 31, 2014 Exemptions (Reasons You May Not Have to Pay a Penalty) If you fall into any of these categories, you may not have to pay a federal penalty, even if you didn t have health insurance during the year. You will need to fill out a form with the Federal Marketplace in order to get certain exemptions.

Reasons You May Not Have to Pay a Tax Penalty You were uninsured for less than 3 months of the year (only 1 gap allowed) The lowest-cost coverage available to you would cost more than 8% of household income Your income was below tax-filing threshold (you are not required to file a tax )* You are a member of federally recognized tribe or eligible for service through Indian Health Services provider You are a member of recognized health care sharing ministry You are a member of recognized religious sect with religious objections to insurance, including Social Security and Medicare You are incarcerated and not awaiting disposition of charges against you You are not lawfully present in the U.S. (undocumented immigrants) You purchased insurance through the Health Insurance Marketplace (Health Connector) during the initial enrollment period (10/1/2013 3/31/2014), but have a coverage gap at the beginning of 2014 (You didn t have coverage between January-April 2014). What do you need to do to avoid a tax penalty? Nothing Marketplace or indicate on federal tax Marketplace or indicate on federal tax Marketplace Marketplace or indicate on federal tax *2014 Federal Tax Filing Requirement Thresholds Filing Status Age Must File a Tax Return If Gross Yearly Income Exceeds Single Under 65 $10,150 65 or older $11,700 Head of Household Under 65 $13,050 65 or older $14,600 Married Filing Jointly Under 65 (both spouses) $20,300 65 or older (one spouse) $21,500 65 or older (both spouses) $27,700

Married Filing Separately Any age $3,950 Qualifying Widow)er) Under 65 $16,350 with Dependent Children 65 or older $17,550 Hardship Exemptions (Additional Reasons You May Not Have to Pay a Penalty) If you have any of the circumstances below that affect your ability to purchase health insurance coverage, you may qualify for a hardship exemption. You must apply for a hardship exemption to the federal individual mandate through the Federal Health Insurance Marketplace. You were homeless. You were evicted in the past 6 months or were facing eviction or foreclosure. You received a shut-off notice from a utility company. You recently experienced domestic violence. You recently experienced the death of a close family member. You experienced a fire, flood, or other natural or human-caused disaster that caused substantial damage to your property. You filed for bankruptcy in the last 6 months. You had medical expenses you couldn t pay in the last 24 months. You experienced unexpected increases in necessary expenses due to caring for an ill, disabled, or aging family member. You expect to claim a child as a tax dependent who s been denied coverage in Medicaid and CHIP, and another person is required by court order to give medical support to the child. In this case, you do not have the pay the penalty for the child. As a result of an eligibility appeals decision, you re eligible for enrollment in a qualified health plan (QHP) through the Marketplace, lower costs on your monthly premiums, or cost-sharing reductions for a time period when you weren t enrolled in a QHP through the Marketplace. You were determined ineligible for Medicaid because your state didn t expand eligibility for Medicaid under the Affordable Care Act. Your individual insurance plan was cancelled and you believe other Marketplace plans are unaffordable. You experienced another hardship in obtaining health insurance. Penalty Amounts The amounts below are annual amounts; penalties are pro-rated by the number of months that you went without health insurance coverage.. For 2014, the annual penalty amount is: The greater of: o 1% of your household income that is above the tax filing threshold for your filing status, or

o Your family's flat dollar amount, which is $95 per adult and $47.50 per child under age 18, limited to a family maximum of $285. For 2015, the annual penalty amount is: The greater of: o 2% of your household income that is above the tax filing threshold for your filing status, or o Your family s flat dollar amount, which is $325 per adult and $162.50 per child under age 18, limited to a family maximum of $975. For 2016, the annual penalty amount is: The greater of: o 2.5% of your household income that is above the tax filing threshold for your filing status, or o Your family s flat dollar amount, which is $695 per adult and $347.50 per child under age 18, limited to a family maximum of $2,085. After 2016, the penalty amounts increase with inflation. MASSACHUSETTS (STATE INDIVIDUAL MANDATE) Massachusetts also has its own individual mandate - a law that requires all adults ages 18 and older to have health insurance or pay a penalty. Affordability Standards Your health coverage is considered affordable if you pay at or less than the amount in the Affordability Schedule, which is determined by the Health Connector. The amounts for 2014 are below: Individuals % of FPL Yearly Income Affordability Standard (Maximum Monthly Premium Payment) 0-100% $0-11,676 $0 100.1-150% FPL $11,677-17,508 $0 150.1-200% $17,509-23,340 $40 200.1-250% $23,341-29,184 $78 250.1-300% $29,185-35,016 $118 300.1-350% $35,017-40,848 $215 350.1-400% $40,849-46,680 $266 Above 400% Above $46,680 8% of income/12 (starting at $311)

Couples % of FPL Yearly Income Affordability Standard (Maximum Monthly Premium Payment) 0-100% $0-15,732 $0 100.1-150% FPL $15,733-23,604 $0 150.1-200% $23,605-31,464 $80 200.1-250% $31,465-39,336 $156 250.1-300% $39,337-47,196 $236 300.1-350% $47,197-55,056 $315 350.1-400% $55,057-62,928 $367 Above 400% Above $62,928 8% of income/12 (starting at $419) Families % of FPL Yearly Income Affordability Standard (Maximum Monthly Premium Payment) 0-100% $0-19,800 $0 100.1-150% FPL $19,801-29,688 $0 150.1-200% $29,689-39,588 $80 200.1-250% $39,589-49,476 $156 250.1-300% $49,477-59,376 $236 300.1-350% $59,377-69,276 $396 350.1-400% $69,277-79,164 $437 Above 400% Above $79,167 8% of income/12 (starting at $528) Coverage Requirements In order to meet the state individual mandate in Massachusetts, you must have health coverage that meets certain requirements, known as minimum creditable coverage (MCC). All health insurers are required to tell you if your plan meets MCC. Look for these symbols on your health plan documents. The check mark (left) indicates that the plan meets MCC. A check mark with a slash (right) indicates that it does not.

Exemptions (Reasons You May Not Have to Pay a Penalty) If you fall into any of these categories, you do not have to pay a state penalty, even if you didn t have health insurance during the year. Reasons You May Not Have to Pay a Tax Penalty You are uninsured for less than 3 months (multiple gaps allowed) The coverage available to you is not affordable to you based on Health Connector rules Your income is below 150% FPL ($11,676/year for an individual) You are a child You have sincerely held religious beliefs that object to insurance What do you need to do to avoid a tax penalty? Indicate on state tax Indicate on state tax or file a certificate of exemption ahead of time* Indicate on state tax Indicate on state tax File a sworn affidavit with your state tax *Certificate of Exemption You can request an exemption based on affordability before the end of the year, before you file your taxes. The Connector will accept requests from you if you: will be filing a Massachusetts personal income tax, have sought to purchase health insurance coverage through the Connector, and seek a certificate stating that no Connector health plans are affordable for you. Requests for certificates must be received by the Connector before December 1 st in the tax year for which the penalty may be assessed. Requests for certificates will only be considered if the request is made in the same tax year for which the penalty may be assessed (you cannot file a certificate for past or future years). Hardship Appeals (Additional Reasons You May Not Have to Pay a Penalty) You may able to appeal a tax penalty If you have any of the circumstances below that affect your ability to purchase health insurance coverage that meets MCC. You were homeless, or more than 30 days late in rent or mortgage payments, or received an eviction or foreclosure notice. You received a shut-off notice, or were shut off, or were refused delivery of essential utilities (gas, electric, oil, water, or telephone). You incurred a significant, unexpected increase in essential expenses resulting directly from: o Domestic violence; o Death of a spouse, family member, or partner with primary responsibility for child care where that spouse, family member or partner had shared household expenses; o Sudden responsibility for providing full care for an aging parent or other family member, including major, extended illness of a child that requires a working parent to hire a full-time caretaker for the child;

o Fire, flood, natural disaster, or other unexpected natural or human-caused event; or causing substantial household or personal damage for you. The Health Connector will consider if any other reasons you may claim demonstrate that you could not afford to purchase health insurance that met minimum creditable coverage. What do you need to do to file a hardship appeal? Complete the appeal section on the Schedule HC tax form. The Department of Revenue will send you a letter asking you to write down your reasons for the appeal and you will have to submit documents to support these reasons and send to the Health Connector. You need to respond within the timeframe in the letter or you cannot appeal and you will have to pay the penalty. Penalty Amounts If you do not have health coverage and do not meet any of the exemptions above, you may have to pay a penalty. The penalty amounts for the Massachusetts health insurance mandate are half the cost of the lowest-cost plan that would be offered to you through the Health Connector for each month that you were uninsured. The penalty amounts in 2014 for individual adults are: % of FPL Yearly Income Penalty Amount 150.1-200% $17,509-23,340 $20/month $240/year 200.1-250% $23,341-29,184 $39/month $468/year 250.1-300% $29,185-35,016 $59/month $708/year Above 300% FPL Above $35,016 $58/month Ages 18-30 Above 300% FPL Ages 31+ Above $35,016 $696/year $92/month $1,104/year PAYING PENALTIES ON STATE AND FEDERAL TAXES Massachusetts is keeping the state individual mandate in addition to the federal individual mandate. No one will pay double penalties. You always have to pay the federal penalty in full. This is how the state will calculate your state penalty if you are subject to both the state and federal penalty: If the federal penalty is greater than the state penalty, then the state penalty amount is $0. If the federal penalty is less than the state penalty, then the state penalty amount is the state penalty minus the federal penalty.