Question

Basic Scenario 1: Calvin and Betty Albright Interview Notes • Calvin Albright is 69 years old and married. He and his wife, Betty, are both U.S. citizens with valid Social Security numbers. • Calvin retired in 2015. • He received $7,000 in Social Security payments in 2017. • Betty, who is 60 years old, was unemployed for four months of 2017, but started a new job and received full health insurance coverage from her employer for the remaining 8 months. • Betty received unemployment compensation and wages totaling $30,000 for 2017. • Betty did not have any health insurance coverage during the time she was unemployed. • Calvin had Medicare Parts A and B coverage all year.

1. Calvin has qualifying health insurance coverage (also known as minimum essential coverage) as defined under the Affordable Care Act. a. True b. False

2. Calvin and Betty may need to make a shared responsibility payment on their joint return if they don’t qualify for an exemption. a. True b. False

Answer 1

1. Calvin has qualifying health insurance coverage (also known as minimum essential coverage) as defined under the Affordable Care Act. a. True b. False

Solution

True

According to the individual shared responsibility provision requires must cover for all 12 months in the year and Calvin has fulfilled this condition.

2. Calvin and Betty may need to make a shared responsibility payment on their joint return if they don’t qualify for an exemption. a. True b. False

Solution

a. True (Yes)

Calvin and Betty may need to make a shared responsibility payment on their joint return if they don’t qualify for an exemption because Betty had a coverage gap of 3 or more months.