Aren’t these tax credits and subsidies illegally created by the IRS? I think there’s an investigation and/or law suite about that.
These subsidies are going to be just like the subsidies to “green power” generators around the world.
They’ll last long enough to get people hooked. Then it will be “oh my, look how we’re subsidizing rich suburbanites, this must stop.”
If Virginia’s typical, the reason those making less than $30,000 pay nothing is because they get thrown into Medicaid.
There are subsidies for healthcare, subsidies for green start ups, subsidies for food stamps...the Federal Gov’t picks and chooses its favorites and it MUST STOP!
I am now certified in California to offer this coverage.
The IRS reviews the tax return of the applicant to determine eligiblity. The subsidies are offered on a sliding scale depending on income.
Results: Virginia Medium Income
The information below is about subsidized exchange coverage. Note that subsidies are only available for people purchasing coverage on their own in the exchange (not through an employer). Depending on your state’s eligibility criteria, you or some members of your family may qualify for Medicaid.
Household income in 2014:
317% of poverty level
Unsubsidized annual health insurance premium in 2014:
$5,008
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:
$5,008 per year
(which equals 8.09% of your household income and covers 100% of the overall premium)
You could receive a government tax credit subsidy of up to:
$0
(which covers 0% 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 $3,643 per year (which is 5.89% of your household income, after taking into account $0 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.
Out of Pocket Costs
Your out-of-pocket maximum for a Silver plan (not including the premium) can be no more than $12,700. Whether you reach this maximum level will depend on the amount of health care services you use. Currently, about one in four people use no health care services in any given year.
Idiot liberal voters just can’t see that spreading the wealth around will not work. It never has. They think they can actually build a social utopia. But most of them will see a cut in wealth.
1. This system isn’t going to work very well soon when everybody except politicians will be making 0-30k a year.
2. So, it sounds like your health insurance costs rise or fall every year with your income. Lose a job and only make 20k, free Obamacide. Finally have a good year in sales, bingo, much higher insurance costs, your subsidy went down.
What a country.
So why do congress and their staffers earning 100K to 250K a year get their insurance paid for on the exchanges? Application of the law here is a bit hard to follow?
I’m sitting at 88% of poverty level with a family of 8. When I saw the premium cost through this interface, I assumed I would have to pay out of pocket at 62% of my annual income. I’m employed and have insurance taking a huge bite out of weekly pay.
Affordable health care? Affordable health insurance? Not sure what to make of it all, except that I do not want the government dictating these matters in any way, shape, or form. I especially despise the notion they would mandate health insurance unequally across the entire population. It distresses me to see those who are independently wealthy taxed and regulated to such an extent they have little if any incentive to work, succeed, and bring others along for the prosperity ride.
My son’s family insurance, according to the rate tables, will be over $15,000 next year. More than double his present rate.
He liked his policy but he can’t keep it.
Obama bin lyin
I don’t know how many people are in the same boat as me. maybe i’m the only one. And i normally wouldn’t share such personal information but here goes. If this monstrosity goes through and if my husbands insurance supplied by his employer goes away and we have to use this crap it appears that we will be one of the people paying the high monthly premiums with high deductable. My children are almost all grown and gone now but here is my issue. regardless of what our yearly income is, we have large credit card debt due to raising three children during the recession/depression. for right or wrong we did rack up debt for things like christmas’, tires for the cars, property taxes, class rings, etc. all things that i felt were necessary at the time. My husband and I can afford to pay the payments on these cards. we had hoped eventually to pay them off. but those monthly expenses are not taken into account by the government went looking at our income and deciding without knowing my circumstances that we can afford their crazy monthly premiums. and from what i read there are super high deductables which means i will pay for all my own health care and meds on top of the monthly premiums. IF I am forced to do this here is what will inevitably will happen....i will have to bankrupt on all of our credit card debt to afford the premiums. That or let our house go back. either way our credit will be ruined and our debts unpaid because of obamacare. The other option to not join obamacare, have my tax return seized(probably won’t have one anyway) drivers license pulled, lein on house etc. perhaps they can just throw me in jail!
