Annual Income Threshold FAQ
Good afternoon - Today, CMS/CCIIO has released an FAQ to clarify changes in the household income verification process in the Marketplace. As part of our ongoing effort to improve the consumer experience in the Marketplace, CMS is implementing a change that will allow more consumers to get their household income immediately verified by the Marketplace when they submit an application. The change will reduce the number of consumers that have to follow-up and submit documentation to verify their household income while maintaining important program integrity controls. These FAQs provide details about this change in the Marketplace, as well as guidance on what this means for State-Based Exchanges.