Good morning. I currently make $3250 a month NET. After withholdings like Taxes, SS, Medicare etc, I receive $2632.08. Of that amount child support is automatically taken out in the amount of $1311.54 which is 50% of my current salary.
I get the burden of paying taxes on the child support. I get that. What I don’t understand and I need your help in understanding is that, true I make $3200 net, or $2632.08 gross, but I only take home $1311 to live. If I only have $1311.54 to live on and it is required by law to have health insurance, but I only qualify for $48 per month tax credit because on paper I Net $3250 , how can I get health insurance? The way this is set up forces me not to have health insurance hence forcing me to break the law and get fined. I have not had health insurance since my divorce three years ago.
I would like health insurance, I would like to follow the law, but I also have to live. Please help me understand my options if in fact everyone under this act should be able to afford health insurance. I can’t!