Washington State's Exchange Gave Erroneous Tax-Credit Figures to 8,000
Thousands of Washington State Obamacare enrollees will be informed that the state’s health-care exchange underestimated how much they’d have to pay for insurance.
Approximately 8,000 Washingtonians are about to learn that for its first three weeks of operation, Washington Healthplanfinder, the state’s exchange, was erroneously sending their monthly incomes to the federal hub, which compiles data from various federal and state agencies to determine applicants’ eligibility for Medicaid and premium subsidies.
The hub’s calculations are supposed to be based on yearly income. As a result, the exchange told thousands that they qualified for a higher tax credit than they actually did.
Healthplanfinder found the error late last month, and went public about the problem on October 25.