General Discussion
In reply to the discussion: Here's my ACA rate INCREASE for those who doubt... [View all]Turbineguy
(40,222 posts)We now have a high-deductible HSA at $782 per month. Our Insurer has us mapped over to a "Bronze" plan at $1013 per month. This is the plan they will put us in unless we choose differently.
This $1013 would however be reduced by the ACA subsidy which I can only estimate but looks to be around $900 per month. That would be a net premium of just over $100 per month!
If I go to a "Silver" plan the net premium comes out to just under $300 per month with a nice upgrade in bennies.
When you apply you have to enter your "modified gross income". It was explained to me that the subsidy goes directly against the gross premium, but any discrepancy shows up in next year's tax filing. You do not have to change your withholding status.
Even without the ACA our premiums probably would have gone to $950 or so per month under our old plan.