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September 19, 2014
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The Centers for Medicare and Medicaid Services (CMS) has warned again that some 115,000 people will lose the health insurance policies they purchased under the Affordable Care Act (ACA) if they don't submit documents showing their legal right to reside in the United States by the end of the month.
“We are committed to keeping coverage affordable for the millions of Americans who depend on it, and to doing so in an efficient, transparent way that protects taxpayers,” CMS Administrator Marilyn Tavenner said in a statement.
“It’s critically important that consumers who still owe income-related documents to the [ACA federal] Marketplace send them in by September 30 so we can continue to hold down their costs. We are pleased that the number of individuals who were at risk of losing their Marketplace coverage, or seeing changes in their costs because of data matching issues has been dramatically reduced in the last three months.”
CMS is actually being lenient by extending its original Sept. 5 submission deadline until the end of the month.
In a separate announcement, Tavenner said yesterday that total Obamacare sign-ups had fallen to 7.3 million from 8 million because some 10 percent of policyholders had failed to pay their premiums.
For the full story on how the Affordable Care Act (ACA, or Obamacare) affects your business, no matter how large or small, please obtain a copy of our comprehensive and easy-to-follow Affordable Care Act Compliance Kit.
