You can keep ObamaCare no matter what, but you can only keep subsidies if employer coverage would cost more than 9.56% of household income for employee-only coverage.
A 65 plus senior who is not eligible for Medicare can get Marketplace subsidies through a family plan or on their own.
Generally you can only owe back tax credits if you gain income, not if you lose income. So if you go from Marketplace to Medicaid and claim under 100% of the Federal Poverty level you’ll owe back nothing.
Lump-sum income is counted for the month for Medicaid and Medicare, but for ACA subsidies we believe it counts as annual.
Rep. Cathy McMorris Rodgers, R-Wash used her GOP clout to fish for ObamaCare horror stories, but came up with success stories instead.
Health insurance premiums aren’t regulated, they are just subsidized based on income, but cost sharing and benefits are regulated by the ACA.
The Supreme Court won’t hear a lawsuit, that among other things, challenges the legality of the Independent Payment Advisory Board (IPAB).
ObamaCare isn’t “socialism”. Under ObamaCare we have a regulated private health care industry that uses a mix of public and private funding..
ObamaCare’s Marketplace subsidies cost on average $3,5000 per enrollee with subsidies, while Medicaid and CHIP subsidies cost $4,500 on average. Those are 2015 estimates and the costs rise over time with the growth of healthcare. Luckily the ACA curbs healthcare spending costs. Subsidy Spending in 2015 (From CBO Report January 2015) The CBO projected the cost of… Read More
Rep. Pete Sessions (R-Tex.) claimed 108 billion divided by 12 million equals 5 million, however the actual number was 5 thousand. We prove it with math.
Ted Cruz may “get ObamaCare” or as we like to call it “buying health insurance”. Ted Cruz is a showman and we expect he’ll use this experince as a stunt, if he does decide to go through with it.
Want to know what real people think about the ACA, well here is your chance. Over open enrollment 2015 624 of our users took our ObamaCareFacts.com poll. Check out the results for yourself.
The Treasury department and IRS confirmed those who filed using an incorrect 1095-A will not be charged additional taxes based on the corrected forms. This applies to both the federal exchange HealthCare.Gov and the state exchanges. UPDATE: 2019: While this page was written in 2015 and applies first and foremost to the 2014 plan year, the information… Read More
Children can stay on their parent’s plan until 26; when they turn 26, they qualify for special enrollment. Dependent coverage is also offered by employers. Below is everything you need to know about the Affordable Care Act and young adults under 26. What the ACA Does for Young Adults and Children Under 26 Young adults… Read More
Any legal US resident can enroll in the Health Insurance Marketplace. Subsidies are offered to anyone that qualifies, but Medicaid and CHIP have restrictions in many states.
Employers can use Health Reimbursement Arrangements (HRAs), Employer Payment Plans, and Flexible Spending Accounts (FSAs) to save money on healthcare. We take a look at healthcare arrangements to find out how they can benefits employers and employees alike. We will also look at how they affect employer and employee taxes and penalties. It’s important to understand… Read More
The CBO announced ObamaCare’s new cost of $1,207 trillion net in it’s March 2015 report which includes Updated Estimates of the Insurance Coverage Provisions of the Affordable Care Act.
The best health insurance plan for an individual or family is going to depend on the income and needs of that family. With that said, many will find a marketplace plan that qualifies for cost assistance to be the best value for them. Very generally speaking the best health plan when it comes to benefits… Read More
You can decline your employer’s offer and opt for a MarketPlace Health Insurance Plan. However, this probably won’t be more affordable for you unless you qualify for Health Care Subsidies. Since you’re offered an employer-sponsored plan, you will not be eligible for ObamaCare Cost Assistance subsidies unless the plan is unaffordable or inadequate.
After being offered an employer-based health insurance plan, you can keep your Marketplace plan, but you will no longer be eligible for Cost Assistance Subsidies unless the job-based plan is unaffordable.
Social Security payments are deducted from AGI, but added back in for MAGI. Therefore they generally do count as income for ACA cost assistance.
We’ve simplified King V Burwell, the ObamaCare subsidy lawsuit. We explain the Supreme Court case, its history, ideology, and outcome in simple terms. King V Burwell Summary King V Burwell was a lawsuit heard by the Supreme Court in 2015. It challenged the legality of subsidies issued by the IRS on behalf of states that used… Read More
Phil Robertson claimed 110 million Americans have STIs, he mis-quoted a CDC report, ignored the fact CPAC is anti-healthcare reform, and blamed it on hippies (obviously).
When you pay the tax penalty it goes toward healthcare spending on ACA subsidies, Medicare, Medicaid, and other federal and state healthcare programs.
On March 4th, the Supreme Court began hearing oral arguments for King V. Burwell (the ObamaCare subsidy lawsuit about an exchange established by the state). Here is what we know so far.