If you enrolled in a health plan through Washington Healthplanfinder last month and were given a tax credit to help cover the cost, you might want to check your Healthplanfinder account.
The Washington Health Benefit Exchange, which operates the online exchange marketplace, has begun posting notices to the Healthplanfinder accounts of about 8,000 state residents affected by an error that caused a miscalculation of their tax credits.
In all of those cases, applicants were told they qualified for a higher tax credit than they are actually eligible to receive based on their income and household size.
The difference may be less than a dollar a month for some enrollees, but it could be much higher for others, exchange CEO Richard Onizuka said in a statement released late Tuesday.
“On average the difference is about $100 a month,” Onizuka said.
The exchange went public about the miscalculated tax credits in late October.
Since then, the exchange has been working to recalculate the eligibility determination for each tax-credit recipient and to make sure that all tax credit information is correct, Onizuka said.
The notices that have started posting to some online accounts include the applicant’s corrected tax-credit amount as well as instructions for using Healthplanfinder to either approve the health plan the applicant previously selected or to choose a different plan in light of the recalculated tax credit.
The same notices will also go out by mail this week, said exchange spokeswoman Bethany Frey.
In his statement, Onizuka encouraged anyone who received a tax credit for a plan purchased through the exchange to doublecheck the amount to confirm its accuracy before paying the first monthly premium.