According to The Centers for Medicare and Medicaid Services (CMS), an estimated 36,000 customers have selected health plans of HealthCare.gov in order to avoid tax penalties as of March 29. The administration is offering a grace period from March 15 to April 30 to people who will pay a tax penalty because they did not have health insurance in 2014.
Understanding the Penalties
An estimated 820,000 customers received the incorrect 1095-A form on Healthcare.gov. The administration states that they are currently working on 1,500 of the incorrect forms and will need to send out corrected forms by the tax deadline.
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