You thought this year was hectic, wait til next OEP. Since most of my clients are self employed/business owners, this will just be fun fun fun:
Dec 1st, 2014 discussion:
Me: "Joe, you projected your income for 2014 to be X, and you received $300/mo subsidy based on X. I know the year hasn't ended yet, and you haven't done your books yet, but do you know whether or not your were close to 'X', as it will determine whether or not you get a tax refund, or owe the gov't a clawback".
Client: "I have no fricken idea what my income will end up being in 14"
Me: "Well, it is, what it will be. But let's move on, as it's OEP again, and now I need you to project your 2015 income to determine your subsidy"
Client: "Click"
Dec 1st, 2014 discussion:
Me: "Joe, you projected your income for 2014 to be X, and you received $300/mo subsidy based on X. I know the year hasn't ended yet, and you haven't done your books yet, but do you know whether or not your were close to 'X', as it will determine whether or not you get a tax refund, or owe the gov't a clawback".
Client: "I have no fricken idea what my income will end up being in 14"
Me: "Well, it is, what it will be. But let's move on, as it's OEP again, and now I need you to project your 2015 income to determine your subsidy"
Client: "Click"