Question: I have completed the process of applying online through Covered CA. My Eligibility Results page says: “Your eligibility is conditional. To receive the Advance Payment of Premium Tax Credit benefit, you must submit the following by January 31, 2014 (1) Proof of Income (1) Proof of Minimum Essential Coverage.” So my question is two fold. About the income verification, what will be required? And secondly, what is the Proof of Minimum Essential coverage about? Thank you for being literally the only resource I have found for this type of Q&A and shared information.
Answer: Covered California already knows that your income in 2012 was significantly lower than your 2014 estimate since they are connected to the IRS data hub. More than likely you will be asked to provide current income documents like pay stubs. The minimum essential coverage requirement is proof that you have ACA-compliant health insurance on January 1, 2014.