General Discussion

kelly1mm

(5,756 posts)

59. And I keep telling you that you do not know how ACA adjusted Gross Income is calculated.

Fri Oct 25, 2013, 12:40 AM

Oct 2013

Here is a link

:http://laborcenter.berkeley.edu/healthcare/MAGI_summary13.pdf

Let me ask you a question, please. What do you think is deducted from the gross income as described above to come up with ACA AGI?

There are some slight modifications (I listed the main ones above) but there is NO STANDARD DEDUCTION or PERSONAL EXEMPTION. For the VAST majority of people close to the 400% FPL cuttoff for ACA subsidies and WITHOUT 401k/IRA/HSA deductions there GROSS INCOME will be their ACA MAGI.

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Thousands Of Consumers Get Insurance Cancellation Notices Due To Health Law Changes [View all] FarCenter Oct 2013 OP

Those policies do not qualify under the AcA. bravenak Oct 2013 #1

But that was not what the President promised. He said "If you like your health plan you can keep kelly1mm Oct 2013 #5

He also gave a list of what services the insurers were now required to provide. bravenak Oct 2013 #18

I did hear it. I knew at the time that the two statements were incongruant. You cannot have kelly1mm Oct 2013 #29

Now they get better plans at better prices. A policy they will like better. bravenak Oct 2013 #41

The problem is that the President, being generous, exaggerated in selling the ACA. I LOVE kelly1mm Oct 2013 #47

He did not mislead you. bravenak Oct 2013 #52

The PROBLEM is the Insurance Industry did it as an FU to ACA. Tigress DEM Oct 2013 #89

So they canceled policies as opposed to sending out notices of changes in policy and price? cui bono Oct 2013 #110

And this is the problem of entrusting something as vital as health care to for-profit vultures. BlueStreak Oct 2013 #68

EXACTLY! Tigress DEM Oct 2013 #90

And people will be getting BETTER plans for comparable prices. Proud Liberal Dem Oct 2013 #31

Some will. Many will not. BlueStreak Oct 2013 #69

I suspect one would no longer "like" a worse more expensive plan. joshcryer Oct 2013 #34

But quite a few people would prefer worse plans if they were cheaper, and ACA ratifies this eridani Oct 2013 #79

ACA actually requires states to have a non-profit pool. joshcryer Oct 2013 #81

Endless proliferation of small pools is exactly what the problem is eridani Oct 2013 #95

Yep. joshcryer Oct 2013 #97

Luckily, the ACA allows for state single payer plans starting in 2017 eridani Oct 2013 #98

The dividing line is competition, not geography BlueStreak Oct 2013 #100

Nah, a Kieser plan in one county will be different from another. joshcryer Oct 2013 #103

WHY would you like your old policy jazzimov Oct 2013 #53

Because men don't need pre-natal care and that is a significant expense and a new essential service. dkf Oct 2013 #94

Men father those children getting pre-natal care, so if that's the best you got, forget it. SolutionisSolidarity Oct 2013 #105

Well you asked why a person would prefer their old plan. dkf Oct 2013 #106

File it under *!* along with "clean coal". L0oniX Oct 2013 #120

Television editor? itsrobert Oct 2013 #2

Most of the reality shows are non-union. cui bono Oct 2013 #109

Why did the President say that (on multiple occasions)? It was obvious to those following kelly1mm Oct 2013 #3

they are getting BETTER Insurance.... VanillaRhapsody Oct 2013 #6

Well, they are getting more comprehensive insurance I agree. However, that was not what was kelly1mm Oct 2013 #9

So what if it was an exaggeration. It was less of an exaggeration than "death panels." stopbush Oct 2013 #36

OK. Somehow I thought I could trust the President. My bad. nt kelly1mm Oct 2013 #40

You're like the child at Disneyland whining, "but you said we'd go on Dumbo next." stopbush Oct 2013 #74

No you didn't VanillaRhapsody Oct 2013 #82

I NEVER said I was effected by ACA mandates in any way. Another poster did. kelly1mm Oct 2013 #87

Geeebus.... VanillaRhapsody Oct 2013 #91

Did you review the link in post 59? nt kelly1mm Oct 2013 #92

Okay let's try this again, ACA halted the pre-existing conditions, it had limits, would you rather Thinkingabout Oct 2013 #39

I totally agree! What I don't understand is why the President said if you liked kelly1mm Oct 2013 #42

I think the policy you had in 2013 had limitations you dont want to be subject, why doesn't your Thinkingabout Oct 2013 #48

Because the insurance companies can make a hell of a lot more money BlueStreak Oct 2013 #117

You're absolutely right. cui bono Oct 2013 #108

These anarchists don't realize how great paying premiums, copays and deductibles are NoOneMan Oct 2013 #17

There are loads of people on this site that are still in denial about that BlueStreak Oct 2013 #7

Because he didn't expect insurance companies to be dickbags Trekologer Oct 2013 #43

He probably figured he didn't need to explain that major ripoff policies kestrel91316 Oct 2013 #83

Why ar you attacking a poster who made a perfectly correct observation? cui bono Oct 2013 #111

They aren't all immediate cancellations BlueStreak Oct 2013 #4

You forget....there are tax subsidies.... VanillaRhapsody Oct 2013 #8

You do know that a couple both making $15 per hour at 40 hour a week jobs will not qualify kelly1mm Oct 2013 #11

We'll fix it later! NoOneMan Oct 2013 #15

What is this mythical couple doing for health coverage now? Ikonoklast Oct 2013 #20

Perhaps something like the non-mythical Bluestreak is doing as described in this sub-thread, which kelly1mm Oct 2013 #25

Strictly conjecture on your part. Ikonoklast Oct 2013 #121

Oh yes they do! VanillaRhapsody Oct 2013 #27

Did you read my post. Did you see the part about a couple. What is the cuttoff for kelly1mm Oct 2013 #37

I can tell you why with one graphic... VanillaRhapsody Oct 2013 #44

Ummmmmm, you do know that my example is at 401% of FPL, right? So, what exactly kelly1mm Oct 2013 #50

adjusted gross? VanillaRhapsody Oct 2013 #51

Yes. ACA adjusted gross of a 2 person household with each person making $15 per hour kelly1mm Oct 2013 #54

that's GROSS...not adjusted! VanillaRhapsody Oct 2013 #55

And I keep telling you that you do not know how ACA adjusted Gross Income is calculated. kelly1mm Oct 2013 #59

Standard Deductions...EVERYONE gets them.... VanillaRhapsody Oct 2013 #60

You can get the standard deduction, but it has no effect on the subsidy BlueStreak Oct 2013 #101

That is not true.... VanillaRhapsody Oct 2013 #102

AFTER TAX....see below... VanillaRhapsody Oct 2013 #104

adjusted gross income VanillaRhapsody Oct 2013 #56

taxable...I even forgot about that one! VanillaRhapsody Oct 2013 #57

Not really as I specifically stated that there was no IRA/401k/HSA contributions. See link kelly1mm Oct 2013 #61

wherein I reminded you then you would opt for Standard Deduction.... VanillaRhapsody Oct 2013 #62

You REALLY don't get this so you? Do you do tax work for a living? I do. In fact, if you kelly1mm Oct 2013 #64

this is pathetic... VanillaRhapsody Oct 2013 #73

I agree. Did you even bother to read the link provided in post 59? nt. kelly1mm Oct 2013 #77

two words for you ....ADJUSTED GROSS! VanillaRhapsody Oct 2013 #45

Do you know how AGI is calculated for ACA premium subsidy calculations? I do. Not much kelly1mm Oct 2013 #49

You do have a standard deduction! Everyone does! VanillaRhapsody Oct 2013 #58

You do know that a standard deduction in INCOME TAX calculations comes AFTER AGI kelly1mm Oct 2013 #70

If your itemized is less than standard...you take the standard...which in this case... VanillaRhapsody Oct 2013 #71

Again, which has ABSOLUTELY NOTHING to do with ACA MAGI or Income Tax AGI. You do not kelly1mm Oct 2013 #76

I commend you for your tenacity and mostly your patience! cui bono Oct 2013 #112

You know 400% of the poverty level is not all that high BlueStreak Oct 2013 #24

Do you know what poverty is? VanillaRhapsody Oct 2013 #30

What is your point? BlueStreak Oct 2013 #63

the point is...there are SUSIDIES! VanillaRhapsody Oct 2013 #66

People above 400% of poverty are not wealthy BlueStreak Oct 2013 #72

How about off-exchange policies? Nye Bevan Oct 2013 #10

Anthem says they will not have any off-exchange policies BlueStreak Oct 2013 #21

May I ask what state you are in? Nye Bevan Oct 2013 #26

Indiana. They have off-exchange policies TODAY BlueStreak Oct 2013 #75

Take a look at Assurant. Nye Bevan Oct 2013 #115

Thanks for the reference BlueStreak Oct 2013 #118

Wow are you in a red state? mucifer Oct 2013 #12

He is leaving the fact that he will qualify for subidies... VanillaRhapsody Oct 2013 #32

That is irrelevant. BlueStreak Oct 2013 #80

Now the truth is finally eeking out..... VanillaRhapsody Oct 2013 #86

That is such a nonsensical diatribe that it cannot be answered. BlueStreak Oct 2013 #107

Makes perfect sense.... VanillaRhapsody Oct 2013 #114

I think "cancellations" is a bit misleading PSPS Oct 2013 #13

Also, the provider network for the new plan is probably considerably smaller (nt) Nye Bevan Oct 2013 #28

I need their post codes, income and bra sizes before I believe them NoOneMan Oct 2013 #14

...and MANY of us were thrilled. ScreamingMeemie Oct 2013 #16

"We Will Keep This Promise to the American People" solarhydrocan Oct 2013 #19

We were all misled, it seems. BlueStreak Oct 2013 #22

YOU are the one being misleading! Purposely! VanillaRhapsody Oct 2013 #33

Other than just passing out insults BlueStreak Oct 2013 #65

you are not being honest.... VanillaRhapsody Oct 2013 #67

Why are you obsessed with my income? It is irrelevant to the issue. BlueStreak Oct 2013 #84

the same POLICY with LESSSSS! VanillaRhapsody Oct 2013 #88

It is not a superset. It is a stripped down POS policy BlueStreak Oct 2013 #99

You're saying you'd like a more costly plan with less coverage? joshcryer Oct 2013 #38

Where did I say anything? solarhydrocan Oct 2013 #93

I don't know what your position is, then. joshcryer Oct 2013 #96

The sky is falling. Wolf, Wolf. This house is made of straw. Health Care Debunker's Fairy Tales. libdem4life Oct 2013 #23

EXACTLY.... VanillaRhapsody Oct 2013 #35

In case anyone misses this... VanillaRhapsody Oct 2013 #46

"Thousands" = Millions. Skip Intro Oct 2013 #78

DU seems to have about a dozen posters who spend all day every day kestrel91316 Oct 2013 #85

And there's a dozen posters who can't accept the fact that Obama isn't perfect cui bono Oct 2013 #113

Some of them were trolls before Oct 1, to be fair nt geek tragedy Oct 2013 #116

"Obama�s promise" ...well that doesn't mean it will happen... L0oniX Oct 2013 #119

My Florida Blue plan sucked when I had it. Tommy_Carcetti Oct 2013 #122

No. The cancellations are THE EXCUSE GIVEN, NOT any LEGITIMATE cause. Same with hours. WinkyDink Oct 2013 #123

is that good or bad? kentuck Oct 2013 #124