Public exchange managers will have more than one way to verify income next year.
Officials at the Center for Consumer Information & Insurance Oversight, the agency running the Patient Protection and Affordable Care Act exchanges, talk about exchange applicant income verification in a new answer to frequently asked questions.
Some PPACA critics suggested the mandate delay would mean the exchanges would have to use the honor system when determining whether consumers could qualify for the new insurance tax credits. The Internal Revenue Service can pay the tax credits in advance, to help consumers buy coverage.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
