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In reply to the discussion: How an additional $1,000 in income can cost you $6,420 more in premiums in CA [View all]muriel_volestrangler
(101,311 posts)87. As has already been pointed out, it's the couple's *combined* income
So think of 2 people each earning $2625 a month.
This would also apply to self-employed people, wouldn't it?
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How an additional $1,000 in income can cost you $6,420 more in premiums in CA [View all]
antigop
May 2013
OP
It varies by age. If you 2 are 55 and make 63K/yr $1026 isn't bad for 2 people at that age.
JaneyVee
May 2013
#41
That's so daft I don't even want to hear your excues for why only some couples get this 'gift' and
Bluenorthwest
May 2013
#11
You don't understand why some people have less money than others and need subsidy?
Honeycombe8
May 2013
#36
This is absolutely incorrect. You should have someone do your taxes if you believe this.
BenzoDia
May 2013
#75
Who typically earns what their house costs in a year? Where I live it'd not even get
uppityperson
May 2013
#10
...Where are you getting the idea that she's talking about buying a house outright for that much? nt
Posteritatis
May 2013
#17
So why not linearly taper off the benefit starting at some point instead of having the shock? of
Lucky Luciano
May 2013
#45
That would be a good idea, to have it be sliding scale vs on/off. I agree with that. nt
uppityperson
May 2013
#71
For a couple both aged 64, the difference is $889/month - over $10,000 a year
muriel_volestrangler
May 2013
#13
It is a sliding scale. No one has bothered to check the facts of the OP. But it's clear....
Honeycombe8
May 2013
#44
You are partially correct. at 133% of the poverty line the subsidy is 90%. The subsidy
kelly1mm
May 2013
#53
A younger friend is receiving health insurance, disability, dental and life insurance for $104 a
Thinkingabout
May 2013
#14
I agree, that is way too much. As is $550/month w/income $25,000 ($10,000 deductible)
uppityperson
May 2013
#21
and a "less comprehensive" plan will nail them if they have medical problems. nt
antigop
May 2013
#52
There are some groups available andvwill require some shopping. One thing to
Thinkingabout
May 2013
#31
A lot of bullshit and snickering in this thread, but a few years ago my income changed and...
TreasonousBastard
May 2013
#25
So the calculator *does* accurately show the premium caps for the income shown
muriel_volestrangler
May 2013
#86
In NYC, frequently. That was me for many years. Freelancer/ Contractor status.
bettyellen
May 2013
#28
How is that possible, I put in $88,000/yr for 3 people, 2 are under 21 = $573/month $0 Subsidy.
JaneyVee
May 2013
#38
I put in 31, $88000/yr, 2 under 21, and it came to $559/month. Thats a great deal actually.
JaneyVee
May 2013
#47
As has already been pointed out, it's the couple's *combined* income
muriel_volestrangler
May 2013
#87
Also a MASSIVE marrige penalty. If single, and at $31.5k each (same as 63k joint)
kelly1mm
May 2013
#48
Ummmmm, ever hear of shacking up? Same economy of scale as being married (shared expenses)
kelly1mm
May 2013
#56
You mean with a man? You know any man who's in the market for a 59 year old woman?
Honeycombe8
May 2013
#58
Does not have to be $1000. Put in a couple both 55 and $62,039 income. Then add $1 to income
kelly1mm
May 2013
#61
The disclaimers say that their estimates are based on household income while the law uses
BenzoDia
May 2013
#91
That page doesn't talk about how to calculate an adjusted gross income
muriel_volestrangler
May 2013
#93
The page I provided has a direct link to the IRS' webpage detailing things that can deducted.
BenzoDia
May 2013
#96
I can't see it; and how can a current tax form help with a new system that hasn't started yet?
muriel_volestrangler
May 2013
#97
But you're still guessing that the insurance premiums are taken off to calculate AGI
muriel_volestrangler
May 2013
#103
There's no guessing about it. It's specified in the healthcare.gov and irs.gov links I pasted and
BenzoDia
May 2013
#104
Yes, but we can't find anything on the websites to confirm what you say
muriel_volestrangler
May 2013
#106
OK, currently health insurance premiums are deducted to work out AGI for the self-employed
muriel_volestrangler
May 2013
#109
What if you have a defined benefit pension but no health insurance?
senseandsensibility
May 2013
#112
I don't believe you can lower your AGI with your health insurance premiums if you're employed.
BenzoDia
May 2013
#113
I've found a new way to keep the net premium down - add an unemployed under-25
muriel_volestrangler
May 2013
#90