2013
When millions of people enroll in a new health insurance exchange beginning next October, they will complete an extensive enrollment form. One critical piece of information will be their expected income for 2014. That’s important because many people will be eligible for premium subsidies based on their household income.
Unless the form completed by the individual says otherwise, the government will rely on 2012 income in determining the subsidies. So, what’s the chance your 2014 income will be no higher than 2012 income?
Guess wrong on your 2014 income and guess what, you must repay at least part of the subsidy your weren’t actually entitled to. Oh my, another hidden surprise (at least to us mere mortals) in Obamacare.
Who knew trying to provide a few million people health care through fifty separate exchanges in fifty different states using four levels of coverage determined differently in each state offered by who knows how many insurance companies could be so complicated.
If we keep this up, obtaining health insurance will compete with filing our income tax return for complexity and absurdity… a new business opportunity for H&R Block?
QUINNSCOMMENTARY 
Dick, I can see a robust business for those guys on the radio. “do you owe the IRS $10,000?
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Good point. Plus those who set up a business to explain health insurance options in the exchanges. Have you ever tried to compare plans in healthcare.gov? Unless you are very sophisticated there is no way you can get a good answer using that tool.
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Good article. With this law I can see the IRS staff expanding dramatically to oversee and monitor Obamacare.We will likely have more IRS reps than those serving in our armed forces.With Obama’s views on taxes that is probably the desired result!
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It probably won’t be much different than paying estimated income tax which many people already do, it will just be a different group of people who have never had to think about estimating taxes.
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Different group is right, very different. I suspect completing to enrollment material will be a challenge.
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