Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: This message was self-deleted by its author [View all]cui bono
(19,926 posts)132. A post in the thread mentioned this guy has an income of $90,000
So I put that in with a family of 4, adults both aged 40, kids under 20, all non-smokers. Used US Average since I didn't know the state.
Here is the result:
Silver = $712.50/mo.
Bronze = $574.17/mo.
Maybe he's confused and thinks that he has to pay that on top of what he's already paying? Seems like he can stay on a lesser plan, Bronze, and pay just about what he's paying now.
http://kff.org/interactive/subsidy-calculator/?state=ca&zip=&income-type=dollars&income=50%2C000&employer-coverage=0&people=1&adult-count=1&child-count=0&child-tobacco=0#state=&zip=&income-type=dollars&income=90%2C000&employer-coverage=0&people=4&adult-count=2&adults[0][age]=40&adults[0][tobacco]=0&adults[1][age]=40&adults[1][tobacco]=0&child-count=2&child-tobacco=0
Household income in 2014:
382% of poverty level
Unsubsidized annual health insurance premium in 2014:
$9,700
Maximum % of income you have to pay for the non-tobacco premium, if eligible for a subsidy:
9.5%
Amount you pay for the premium:
$8,550 per year
(which equals 9.5% of your household income and covers 88% of the overall premium)
You could receive a government tax credit subsidy of up to:
$1,150
(which covers 12% of the overall premium)
Bronze Plan
The premium and subsidy amounts above are based on a Silver plan.You have the option to apply the subsidy toward the purchase of other levels of coverage, such as a Gold plan (which would be more comprehensive) or a Bronze plan (which would be less comprehensive).
For example, you could enroll in a Bronze plan for about $6,890 per year (which is 7.66% of your household income, after taking into account $1,150 in subsidies). For most people, the Bronze plan represents the minimum level of coverage required under health reform. Although you would pay less in premiums by enrolling in a Bronze plan, you will face higher out-of-pocket costs than if you enrolled in a Silver plan.
Household income in 2014:
382% of poverty level
Unsubsidized annual health insurance premium in 2014:
$9,700
Maximum % of income you have to pay for the non-tobacco premium, if eligible for a subsidy:
9.5%
Amount you pay for the premium:
$8,550 per year
(which equals 9.5% of your household income and covers 88% of the overall premium)
You could receive a government tax credit subsidy of up to:
$1,150
(which covers 12% of the overall premium)
Bronze Plan
The premium and subsidy amounts above are based on a Silver plan.You have the option to apply the subsidy toward the purchase of other levels of coverage, such as a Gold plan (which would be more comprehensive) or a Bronze plan (which would be less comprehensive).
For example, you could enroll in a Bronze plan for about $6,890 per year (which is 7.66% of your household income, after taking into account $1,150 in subsidies). For most people, the Bronze plan represents the minimum level of coverage required under health reform. Although you would pay less in premiums by enrolling in a Bronze plan, you will face higher out-of-pocket costs than if you enrolled in a Silver plan.
Cannot edit, recommend, or reply in locked discussions
Edit history
Please sign in to view edit histories.
Recommendations
0 members have recommended this reply (displayed in chronological order):
266 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Well, clearly he's wealthy and just isn't managing his finances correctly.
Dreamer Tatum
Oct 2013
#1
With a family of four and not eligible for a subsidy, he's making over $94000 a year. N/T
bornskeptic
Oct 2013
#120
Not true. Subsidies and participation in the exchanges are based on personal coverage...
Barack_America
Oct 2013
#245
Do you mean his insurance company increased rates? He should complain to them, not blame Obamacare.
Mass
Oct 2013
#2
Unless you've walked a mile in their shoes, you have noooooooooo business
ScreamingMeemie
Oct 2013
#93
I cannot judge someone else, and I'm not sure of the truthfulness of this person's story,
ScreamingMeemie
Oct 2013
#116
The negative: Remember when the early part of the ACA went into effect? Where insurance cos
ScreamingMeemie
Oct 2013
#150
I've kept my opinions of your posts to myself until you took it way too far.
ScreamingMeemie
Oct 2013
#148
Wait... these people you are talking about have had coverage. They've been able to get health care
notadmblnd
Oct 2013
#216
now you mention it's only "catastrophic' insurance. So his family already pays all medical costs?
Sunlei
Oct 2013
#78
Well, then, he probably should KEEP his current coverage. That IS an option, I believe.
davsand
Oct 2013
#3
It's an option if the plan was grandfathered which can occur if the plan existed on March 23, 2010.
PoliticAverse
Oct 2013
#119
Are a lot of these people who are running into this problem being dumped from their employer's ins?
meadowlark5
Oct 2013
#4
I am keeping my previous insurance becuase the ACA costs more. no employer. Has nothing to do with
robinlynne
Oct 2013
#73
I wasn't jumping on anyone - simply asking why this is happening to some people
meadowlark5
Oct 2013
#153
Your information doesn't stand up to facts that some people have taken time to find.
bluestate10
Oct 2013
#242
Where I live, middle class people get more than 1/2 of income in various taxes
Amonester
Oct 2013
#256
If his premiums for a family of 4 were only $500 the policy must have been a high deductible.
flamin lib
Oct 2013
#11
He needs to adjust his lifestyle and change his financial priorities if he is making
kestrel91316
Oct 2013
#129
So essentially he had his family on a high deductible insurance plan that wouldn't cover them anyway
rbixby
Oct 2013
#161
My Premiums are $527 a month for a family of unlimited size (mine happens to be 4)
wercal
Oct 2013
#77
A friend of mine will be paying 123411io3bn more, come on people. Stop asking others to take your...
uponit7771
Oct 2013
#17
perhaps his employer will give him a raise= to the 'employer paid' part he lost. Send him to DU.
Sunlei
Oct 2013
#20
Yes, yes, Obamacare will be revealed as a job-killing travesty to be inflicted
geek tragedy
Oct 2013
#142
Obviously, you and your "friend" are inveterate liars. The little authoritarians are going
Egalitarian Thug
Oct 2013
#25
LOL! There's your problem right there. I don't think the President "sux", while you do think
Egalitarian Thug
Oct 2013
#143
You can be quite funny, really. I don't even have any animosity toward you.
Egalitarian Thug
Oct 2013
#264
Maybe that's one of the improvements or changes to the plan that can be made with legislation.
Lint Head
Oct 2013
#89
Crappy, useless, rip-off insurance can't be sold any longer. I think that's a GOOD thing and that
kestrel91316
Oct 2013
#137
25 cents a day? I thought Colonial Penn's burial insurance was 35 cents/day. n/t
winter is coming
Oct 2013
#115
And I just got called for Death Panel Duty same day as Jury Duty!!! SKINNER!!!!! nt
DevonRex
Oct 2013
#171
And the well-seasoned, perfectly aged Seniors are the best sources of raw material
Ikonoklast
Oct 2013
#258
He's paying $500/mo for a family of four?!?! I call bullshit right there. n/t
taught_me_patience
Oct 2013
#54
ya. i just called that one out, too. as i said below, seeing how 5 yrs ago we were working on 1300
seabeyond
Oct 2013
#69
as i said, hubby ran a business and was always looking for this awesome insurance you speak of cause
seabeyond
Oct 2013
#96
leaving ot the part of your company paying part of it, giving you this awesome price is HUGE.
seabeyond
Oct 2013
#127
i dont know his insurance but 5 yrs ago, hubby working, me stay at home and two kids... all healthy
seabeyond
Oct 2013
#66
Indeed. I was paying $500/mo for a GROUP insurance catastrophic policy for ONE PERSON 7 years ago.
kestrel91316
Oct 2013
#233
I hate to say this, but a friend of mine went to healthcare.gov, and now he's in an Obama deathcamp.
SolutionisSolidarity
Oct 2013
#76
Look at the bright side. If your friend is dead, he won't have to pay those awful high premiums.
patricia92243
Oct 2013
#140
Probably came straight from a chain e-mail like most Obamacare disinfo. nt
BluegrassStateBlues
Oct 2013
#85
if he gets cancer, preexisting and cant get coverage. today? with the new laws about pre existing?
seabeyond
Oct 2013
#99
I think if he already has insurance that he will not need to enroll in ObamaCares. n/t
patricia92243
Oct 2013
#95
The issue he is having (which a lot of us have found) is that these catastrophic
ScreamingMeemie
Oct 2013
#97
I am making $30K less than him and currently paying $1K a month for employer insurance and an HSA.
haele
Oct 2013
#100
+1. Similarly, when I hear a sentence begin with "frankly" or "honestly", I expect a lie. n/t
winter is coming
Oct 2013
#138
im sorry but i don't believe that. it sounds like one of the crank repug statements. n/t.
okieinpain
Oct 2013
#156
I think your friend is a fool if he opts to give up his cheaper, better insurance for ACA!
TheDebbieDee
Oct 2013
#188
Over 100% increase due to the ACA? Nope, he's being bamboozled if this is even true.
BenzoDia
Oct 2013
#239