Hi all, I stumbled across a post on what to do for this and I have been unable to find it in the forum search.
Laid off/retired early in September last year and signed up for health insurance through the ACA exchange. They gave me the 90 day eligibility. Even though my insurance through them started on 1/1/16, when I signed up on 11/18/15 they started counting down on the 90 days which might put me in a time crunch. They're asking for me to verify mine and my wife's income by Feb 16.
My wife's income is straight forward since it won't change from last year to 2016. However, I took a significant step down so all of my records (past returns, pay stubs, W2s) reflect my 2015 income (which wouldn't qualify for ACA subsidies). I don't have a letter from my employer explicitly stating that I no longer work there, which would probably be helpful. My income will come from rents from two properties that I manage (which I'm worried may not help anyway if they look at my overall income on that return).
I can't even submit my 2015 return yet because I'm waiting on 1099-div/int from my brokerage account, and Fidelity only says it will be available by Feb 13, 2016. So I'm trying not to panic because I don't want to lose my subsidy but I might run out of time. I did call and talk to a live person with the healthcare exchange, who despite his best intentions wasn't very helpful (felt like he read a script in response to my various questions). I can't imagine my change of financial situation is that unique to new enrollees.
I've already uploaded my w2 and my final paystub from 2015 which shows a severance payment and no regular pay, as well as my wife's w2. That information has been available on the website for over a week now and I haven't received any notification or seen any change in status.
Any advice from others who have been through this? Is there a "silver bullet" that appeases whoever is reviewing my income and eligibility?