What If Income Is Just Under ObamaCare Threshold?

We have reported that our joint income will be 25,000 for this tax year. If our income falls slightly below this amount, will we still be eligible for Obama Care or would this negatively affect us? I understand that the limit to be eligible is 12500 per person..

Insurance for Studying Abroad Under ObamaCare

Under ObamaCare when studying abroad you can get a PPO with coverage outside of the US, a student health plan, an employer plan, or some foreign insurance to avoid the fee, travelers insurance won’t avoid the fee.

Can I Count Monthly MAGI For ObamaCare?

Marketplace cost assistance is based on annual MAGI, but Medicaid can use monthly MAGI. This means lump-sum income can throw off cost assistance for the year.

What Can I Use My HSA For?

You can use your Health Savings Account (HSA) for out-of-pocket medical costs, including dental and vision and dental and vision premiums.

Missionaries and ObamaCare

Missionaries living outside of the US for more than 330 days in a 12 month period are not required to get coverage but can get coverage.

How Do I Avoid Gap in Coverage When Moving?

When you move to a new state you can enroll up to 30 days before the actual move so your new coverage starts on or close to the date the old coverage ends. This helps avoid a gap in coverage.

How to Count Terminated Employees and Re-Hires for the Mandate?

There are a number of measurement periods an employer can use and methods of accrediting hours that allow employers to deal with termination, new hires, and re-hires. This allows employers to accurately address full-time and FTE employees in a number of common and uncommon situations.

Do I Need to Leave ObamaCare If I Get a Job?

If you get a job that offers health insurance you will become ineligible for cost assistance once that coverage starts, thus you should drop the ObamaCare plan as close to your new coverage start date as possible avoiding owing back tax credits and a gap in coverage.

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