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lumberjack_jeff

(33,224 posts)
101. Medical care is expensive.
Mon May 27, 2013, 02:47 PM
May 2013

Make up your mind. You can either pay a lot in premiums or be underinsured and pay a lot for care.

Under current law, people with medical problems go bankrupt. Medical bankruptcy will now be a thing of the past.

"Affordable" <> "convenient"

There has to be a cutoff somewhere. Would you prefer it to be $60k? Honeycombe8 May 2013 #1
LOL. Nice try. nt antigop May 2013 #3
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
63k is TOTAL for both people and that's just for PREMIUMS. antigop May 2013 #49
no that isn't how it works dsc May 2013 #8
It boggles me how few people get that that's how the brackets work. (nt) Posteritatis May 2013 #19
Boggles is right... pangaia May 2013 #32
It boggles the mind how arrogant some men are.... Honeycombe8 May 2013 #39
I think you are confusing withholding rate with marginal tax rate. dumbcat May 2013 #69
you are mixing up two different things dsc May 2013 #73
thanks, dsc. It wasn't worth my time trying to explain it. nt antigop May 2013 #24
Unfortunately, no. I lived it. I know. nt Honeycombe8 May 2013 #33
There is no way that could be true starroute May 2013 #65
Starrout and dsc are right LiberalFighter May 2013 #85
My dear son...you don't understand tax rates. Honeycombe8 May 2013 #43
you are just plain, flat out, gold carat, 100 percent wrong dsc May 2013 #67
Oh, my. This is embarrassing dumbcat May 2013 #72
Thank you RudynJack May 2013 #88
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
What do you mean? I am trying to understand, thank you. uppityperson May 2013 #12
You don't understand why some people have less money than others and need subsidy? Honeycombe8 May 2013 #36
The 1% have an excellent slution for this situation. pangaia May 2013 #29
This is absolutely incorrect. You should have someone do your taxes if you believe this. BenzoDia May 2013 #75
No there doesn't have to be a cutoff, they could make it a phase-out. JVS May 2013 #83
Sorry that doesn't cut it. 12k a year for health insurance is too much still_one May 2013 #102
kick nt antigop May 2013 #2
There will always be a cutoff and even $1 will put you over/under. uppityperson May 2013 #4
wow you're a real hoot! nt antigop May 2013 #5
ETA non snark uppityperson May 2013 #7
That could not amount to peanuts in California. DebJ May 2013 #9
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
"$62000 will get you a small, old home and a 10 year old car." uppityperson May 2013 #20
I repeat my question. (nt) Posteritatis May 2013 #22
I repeat my answer. nt uppityperson May 2013 #70
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
I am saying that on an annual income of $62,000 a year, a family of DebJ May 2013 #92
Thanks for reply. Wages have not kept up with costs, that is for sure. uppityperson May 2013 #105
Donate a little more to a personal IRA. JoePhilly May 2013 #6
if you're already at the maximum, you can't. nt magical thyme May 2013 #62
For a couple both aged 64, the difference is $889/month - over $10,000 a year muriel_volestrangler May 2013 #13
I agree. People are going to be outraged when they get caught in this. nt antigop May 2013 #15
isn't it amazing how people are trying to spin this? nt antigop May 2013 #18
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
The California site says it's a sliding scale. Honeycombe8 May 2013 #59
Yes, it is because of their ages, but is that OK? muriel_volestrangler May 2013 #63
But these payments are sliding scale and offer us exactly what? truedelphi May 2013 #81
A younger friend is receiving health insurance, disability, dental and life insurance for $104 a Thinkingabout May 2013 #14
$1026 per month for two people w/ income $63000 IS NOT AFFORDABLE. antigop May 2013 #16
I agree, that is way too much. As is $550/month w/income $25,000 ($10,000 deductible) uppityperson May 2013 #21
To paraphrase Grover Norquist.. pangaia May 2013 #34
Preventive exams are free. They don't have to choose that policy. Honeycombe8 May 2013 #51
and a "less comprehensive" plan will nail them if they have medical problems. nt antigop May 2013 #52
Medical care is expensive. lumberjack_jeff May 2013 #101
Agreeing with uppity person. We were supposed to have reform truedelphi May 2013 #80
Uniquely American Solution - What is it ? Why is it being pushed? slipslidingaway May 2013 #84
I went off and spent some worthwhile time reading material over at truedelphi May 2013 #114
Thanks so much for coming back for a thank you ... slipslidingaway May 2013 #116
And the difference is that they're younger muriel_volestrangler May 2013 #35
I'm surprised this hasn't been pointed out more often davekriss May 2013 #23
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
It is a sliding scale. But at some point, the subsidy ends. nt Honeycombe8 May 2013 #57
You have to ProSense May 2013 #26
Can you explain what 'premium caps' are? muriel_volestrangler May 2013 #40
That's what ProSense May 2013 #46
You said "It also doesn't reflect premium caps" muriel_volestrangler May 2013 #64
No ProSense May 2013 #66
That doesn't explain what you say about premium caps muriel_volestrangler May 2013 #68
Well. ProSense May 2013 #74
So the calculator *does* accurately show the premium caps for the income shown muriel_volestrangler May 2013 #86
A job where you are making $63,000 does not come with some type of insurance? Herlong May 2013 #27
In NYC, frequently. That was me for many years. Freelancer/ Contractor status. bettyellen May 2013 #28
the $63,000 income is for TWO PEOPLE in the example. nt antigop May 2013 #30
Side note: About us file not found? Herlong May 2013 #37
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
because you probably put in an age of 35 for the first adult. antigop May 2013 #42
I put in 31, $88000/yr, 2 under 21, and it came to $559/month. Thats a great deal actually. JaneyVee May 2013 #47
$1026 per month IS NOT "AFFORDABLE" for a $63,000 income. NT antigop May 2013 #50
Not only have you pointed out ProSense May 2013 #60
It's official: California sucks. Major Hogwash May 2013 #77
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
$31.5k single does not equal $63k joint. Honeycombe8 May 2013 #55
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
kelly1mm, one important consideration in considering the new ACA and its truedelphi May 2013 #115
Gee, if only someone had... what do you call it? Egalitarian Thug May 2013 #54
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
$12312 a year in premiums + yearly out of pocket KentuckyWoman May 2013 #76
Bingo we have a winner. Your comment is spot on. truedelphi May 2013 #82
That couple would be exempt from the penalty. subterranean May 2013 #108
Calculator is not working properly. I guarantee it. BenzoDia May 2013 #78
Other calculators agree with it muriel_volestrangler May 2013 #89
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
You don't need that information to calculate your adjusted gross income. BenzoDia May 2013 #98
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
Read my links. It's in there. BenzoDia May 2013 #107
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
This does happen in the tax code Sgent May 2013 #79
I've found a new way to keep the net premium down - add an unemployed under-25 muriel_volestrangler May 2013 #90
I noticed that as well....but if you don't have any dependents under 26.... nt antigop May 2013 #94
load of horseshit datasuspect May 2013 #95
Fun with math. lumberjack_jeff May 2013 #99
I think the point of the OP is the need for a graduated scale Savannahmann May 2013 #100
It's all bullshit anyway. Healthcare should be NON-PROFIT n/t leftstreet May 2013 #110
Bingo. Single payor Canadian style system. roamer65 May 2013 #111
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