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Special enrollment period provided for taxpayers making shared responsibility payment
The Centers for Medicare & Medicaid Services (CMS) has announced a special enrollment period for individuals and families who didn't have health coverage in 2014 and are subject to the shared responsibility payment (employee mandate; fee) when they file their 2014 taxes from states which use the Federally-facilitated Marketplaces (FFM). The special enrollment period is from Mar. 15, 2015 through Apr. 30, 2015.
Background. Under Code Sec. 5000A, which was added by the Affordable Care Act (ACA), beginning in 2014, if a taxpayer or an individual for whom the taxpayer is liable isn't covered under minimum essential coverage for one or more months, then, unless an exemption applies, the taxpayer is liable for the individual shared responsibility payment on his return.
The Centers for Medicare & Medicaid Services (CMS) has announced a special enrollment period for individuals and families who didn't have health coverage in 2014 and are subject to the shared responsibility payment (employee mandate; fee) when they file their 2014 taxes from states which use the Federally-facilitated Marketplaces (FFM). The special enrollment period is from Mar. 15, 2015 through Apr. 30, 2015.
Background. Under Code Sec. 5000A, which was added by the Affordable Care Act (ACA), beginning in 2014, if a taxpayer or an individual for whom the taxpayer is liable isn't covered under minimum essential coverage for one or more months, then, unless an exemption applies, the taxpayer is liable for the individual shared responsibility payment on his return.
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