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If your income falls between 100 percent and 400 percent of the federal poverty level, you will receive a tax credit that can be applied immediately toward your health insurance premium.
Ones modified adjusted gross income (MAGI) is the benchmark; that includes wages, salaries, tips, capital gains, and other income, minus contributions to flexible spending accounts and retirement plans, and certain deductions. This sheet explains exactly what is included in the MAGI.
People living at between 100 and 133 percent of poverty level will pay at most 2 percent of their income for health insurance, while those at between 300 and 400 percent of the poverty level will pay a maximum 9.5 percent of their income. There is a sliding scale for incomes in between, as laid out in the chart in this report.
Include:
• Wages, salaries, tips, etc.
• Taxable interest
• Taxable amount of pension, annuity or IRA distributions and Social Security benefits
• Business income, farm income, capital gain, other gains (or loss)
• Unemployment compensation
• Ordinary dividends
• Alimony received
• Rental real estate, royalties, partnerships, S corporations, trusts, etc.
• Taxable refunds, credits, or offsets of state and local income taxes
• Other income
Deduct:
• Certain self-employed expenses4
• Student loan interest deduction
• Tuition and fees
• Educator expenses
• IRA deduction
• Moving expenses
• Penalty on early withdrawal of savings
• Health savings account deduction
• Alimony paid
• Domestic production activities deduction
• Certain business expenses of reservists, performing artists, and fee-basis government officials
A radical right wing propaganda site uses some "source" from another radical right wing site for their piece. LMAO! you right wingers are too much
Keep up the good work
A middle class family of four with a household income of $61,000:
the POINT is.....the woman was happy with her old plan.....why can't she keep it....?
Obamacare not only decrees that you must BUY insurance.....but it also decrees what TYPE of insurance you must buy....and lastly HOW MUCH you must pay for it....
you feeling the freedom much......?
Little-Nut writes, "Florida woman's insurance rate increases from $54 to $591 under Obamacare" but does not tell you what is the subsidy.
Again you are talking as if the "Subsidy" is a given! It is not. If you are making middle class wages you will not qualify for a subsidy.
That is patently false. I just proved it by using your own link!
A radical right wing propaganda site uses some "source" from another radical right wing site for their piece. LMAO! you right wingers are too much
Keep up the good work
I don't need to read any kind of site from any kind of political wing because I've already been living in the Obiecare nightmare. My health insurance premiums increased 200 per cent for the plan I have back in July, in anticipation of the Obiecare rollout and I can't afford to pay them over the long run. I'm age 60, healthy, and rarely have had to use my plan.
So my message, as we start to enter this holiday season, to Obiecare supporters is.......
Little-Nut writes, "Florida woman's insurance rate increases from $54 to $591 under Obamacare" but does not tell you what is the subsidy.
the POINT is.....the woman was happy with her old plan.....why can't she keep it....?
Obamacare not only decrees that you must BUY insurance.....but it also decrees what TYPE of insurance you must buy....and lastly HOW MUCH you must pay for it....
you feeling the freedom much......?
A middle class family of four with a household income of $61,000:
You didn't prove anything... Where in my example did I say a family of 4?
If you are going to argue my stats use my example and not create a new one.
Remember: Apples to Apples
Again you are talking as if the "Subsidy" is a given! It is not. If you are making middle class wages you will not qualify for a subsidy.
That is patently false. I just proved it by using your own link!
So you are saying everyone get a tax credit subsidy for their health care?
My example was far more representative of the average American middle class family. Your example was a Hail Mary pass, hoping no one would notice it had no kids in it.
Sent her a bill? Obamacare doesn't send you a bill.
As a critical thinker, I can't help but notice how short and uninformative that article is. That is some of the worst journalism I have ever seen. That's what you get when you read blogs.
1) The article makes no mention of how the new policy compares to the old policy. It is an apples and oranges comparison. Her new policy has much more coverage.
Yes, it is absolutely wrong the woman is not being allowed to keep an insurance policy the government has decided is substandard for her needs. The government should not be deciding what is best for me.
2) She is not being forced to buy the $591 policy. It is what her old insurance company is offering as a replacement. She is free to buy another policy from another company on the exchange.
3) The article makes no mention if the woman qualifies for a federal subsidy which will pay for most, if not all, of her new policy. The video DOES say she is eligible for subsidies. So she may end up actually paying LESS for her insurance. And she will have a better policy than her old one.
4) The article says, "at least 300,000 people are losing coverage". I can guarantee you this is a lie of omission and thus blows the integrity of the report right out of the water. This woman is an example. She lost her OLD coverage, but now has NEW coverage being offered to her. This is the case with most, if not all, of those 300,000 the hack writer says are losing their coverage.
The people who are receiving cancellation notices are people who have policies that are not comprehensive enough under the ACA regulations.
Just as I did not believe the Democratic claim there were "46 million uninsured Americans", I do not believe the Republican claim flying about that "16 million Americans" are losing their health insurance.
Yes, Obama's claim you could keep your insurance was a massive lie. Absolutely. But the Right is not being entirely truthful, either.
Sent her a bill? Obamacare doesn't send you a bill.
She was waving the renewal packet around that was sent her by her insurance company, it reminded her of what she had and what they were recommending her to move to.