Lower 2014 income can net huge health care subsidy

[Stephanie]

just WOW...lower your standards of living so you can be "subsidized" by THE taxpayers..just lovely

SNIP:

Kathleen Pender

Published 3:34 pm, Saturday, October 12, 2013


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Under the Affordable Care Act, if your 2014 income is between 138 and 400 percent of poverty level for your household size, you can buy health insurance on a state-run exchange and get a federal tax subsidy. Photo: Uncredited, Associated Press
Under the Affordable Care Act, if your 2014 income is between 138 and 400 percent of poverty level for your household size, you can buy health insurance on a state-run exchange and get a federal tax subsidy. Photo: Uncredited, Associated Press


People whose 2014 income will be a little too high to get subsidized health insurance from Covered California next year should start thinking now about ways to lower it to increase their odds of getting the valuable tax subsidy.

"If they can adjust (their income), they should," says Karen Pollitz, a senior fellow with the Kaiser Family Foundation. "It's not cheating, it's allowed."how about that Kaiser Family Foundation huh?

Under the Affordable Care Act, if your 2014 income is between 138 and 400 percent of poverty level for your household size, you can purchase health insurance on a state-run exchange (such as Covered California) and receive a federal tax subsidy to offset all or part of your premium.

If your income falls below 138 percent of poverty, you qualify for Medicaid, which provides no-cost health care to low-income people. In California, it's called Medi-Cal.

If your income is higher than 400 percent of poverty, you can purchase a policy on or off the exchange, but in either case, you won't get a subsidy and the policy must provide certain essential benefits that many low-cost individual policies lack today, such as maternity care.

For older people, getting below the 400 percent poverty limit could save many thousands of dollars per year.

all of it
Lower 2014 income can net huge health care subsidy - SFGate


this will be your wonderful lives...so lower your incomes and standards...hey it's NOT CHEATHING they say

 

[Rozman]

The Obama sanctioned strive for mediocrity continues.

Companies will shrink their workforce.
People will try to earn less so they can fit in under the Obamcare cap.
Find a way to go on disability...before someone closes the loop holes.

What the fuck is this country coming to under Liberal rule.

 

[Stephanie]

The Obama sanctioned strive for mediocrity continues.

Companies will shrink their workforce.
People will try to earn less so they can fit in under the Obamcare cap.
Find a way to go on disability...before someone closes the loop holes.

What the fuck is this country coming to under Liberal rule.

unfortunately they are winning and we won't be a free country, we will be a DEPENDENT country...we are heading there fast and furious as it is...... and the elites in government will will be our masters and tell you what size soda you should have and if you don't listen they will just add a TAX to them so you can't have it...

they've been working on this for years, but like they say they can't push off on people all at once...it has to implemented, gradually and with a lot of propaganda

with Obama's election they have been working even harder at it with him as the leader

a progressive UTOPIA

 

[Snouter]

ObamaCare is also going to net the democrats a significant slush fund. This is to punish and enslave white people.

 

[Taylee]

And the good news (well...maybe not "good") is...this is the era of lowered expectations in all things, including income. So it will be an effortless transition from middle-income and successful....to poverty-level income failure.

Welcome to the Obamanation!

 

[Taylee]

What the fuck is this country coming to under Liberal rule.

Complete and total destruction/failure/collapse.....
as planned and intended.

 

[JakeStarkey]

What a bunch of loonies.

 

[SteadyMercury]

It is an interesting dilemma because clearly the subsidies are meant for those who can't afford health insurance but income is a very blunt tool for measuring how much in poverty someone actually is. If someone is living off investments by selling stock every year their income is only the capital gains from those stocks (well, in addition to whatever dividends they throw off) so one could be pulling quit a chunk of money annually and have a very large net worth but in the eyes of the IRS have a relatively low income. We could start attempting means testing of net worth but that gets pretty murky too.

Conversely I doubt this is a significant problem because the overwhelming number of people with low incomes are just that: relatively poor.