CMS Issues FAQs on Income Verification by Exchanges

On August 5, 2013, the Centers for Medicare and Medicaid Services (?Ç£CMS?Ç¥) issued a set of frequently asked questions (?Ç£FAQs?Ç¥) which address the process that health insurance exchanges established under the Affordable Care Act will take to verify an individual?ÇÖs income eligibility for government assistance when purchasing health coverage through an exchange. Income verification sources include the IRS, the Social Security Administration, and the credit reporting agency Equifax. The FAQs follow the earlier release by CMS of final regulations on exchange eligibility determinations which indicated that, for 2014, the exchanges would not be required to verify income in certain circumstances, but instead could rely on verification performed on a ?Ç£statistically significant sample?Ç¥ of applicants. A copy of the FAQs is available?áhere.