Question: I just read that the exchange will accept the applicant’s “word” regarding their household income. Is that true?
Answer: The Feds released a new rule Friday that grants state and federal facilitated exchanges the “discretion” to accept an applicant’s attestation of projected annual household income “without further verification” during the first year of operation - 2014. The rules also allow only random, rather than comprehensive, checks on income eligibility in 2014. Covered California may continue with its plans for comprehensive income verification regardless. We will probably learn more about this at the August board meeting.