Failure to Reconcile Special Enrollment Period (SEP)

Taxpayers who receive the Advance Premium Tax Credit (APTC) from the Marketplace must file a tax return to reconcile the credit. Failure to file a 2014 return and reconcile the credit will result in a loss of APTC payments in 2016. 
The Centers for Medicare and Medicaid Service (CMS) has announced a Special Enrollment Period for individuals who:

• previously attempted to enroll in 2016 coverage but are not receiving APTC payments because of failure to file their 2014 tax return and reconcile their 2014 APTC
• subsequently filed their 2014 tax return and recoinciled their 2014 APTC
• return to the Marketplace to update their application and attest to having filed and reconciled the 2014 APTC

For more information about how to reconcile your APTC on your 2015 income tax returns contact Mike McVay at 850.725.5696 for a free consultation.