In a development that seems to have been seriously underreported, Oregon gov. Retread last week issued a press release in which he states that if you tried to purchase health insurance through Cover Oregon but failed, you may be eligible for a retroactive tax credit if you subsequently purchased a plan directly from an insurance provider.
Those who attempted to apply without success, and then purchased a private plan directly through an insurance carrier, may be eligible for a retroactive tax credit. Oregonians who qualify, or are unsure whether they qualify, are encouraged to call Cover Oregon at 1-855-CoverOR (1-855-268-3767) before Friday, June 27, 2014 at 6 p.m. PT.
Naturally, being from Retread’s orifice, there are a whole pile of caveats involved:
I canceled my plan through my insurance company. Can I still get a tax credit for the months I did have coverage?
No. To be eligible for a retroactive tax credit, you have to be currently enrolled in an individual private plan through one of these insurance companies.
I decided to keep the plan I had last year because I had problems applying. Can I apply?
You would not be eligible for the retroactive tax credit unless you are enrolled in a qualified plan from a private insurance company. Plans from 2013 were not qualified plans. Open enrollment has ended so you are not able to apply until next open enrollment, which begins Nov. 15, 2014.
Am I eligible if I purchased a private plan through an insurance company because of technology issues, then went back to Cover Oregon and enrolled?
Remember, “If you like your plan, you can keep your plan” (if you can afford it). And if you kept your plan, you don’t get a tax credit.
Obama, gov. Retread, and Cover Oregon: the Dream Team.