Is ObamaCare Free?


The Ways in Which ObamaCare is and isn’t Free ObamaCare is free for some via Medicaid expansion, offers cost assistance to others via the marketplace, and cost those without cost assistance money. Below we discuss all the ways ObamaCare is or isn’t free depending on income and state. TIP: All cost assistance mentioned below is based on family size… Read More

Can I Skip a Month of ObamaCare?

Every American is allowed two full months without coverage a year, so if you find yourself missing a month you can take the short coverage gap exemption on form 8965

Coverage Requirements for New Citizen Traveling?

All US citizens, who qualify based on income, must obtain coverage or an exemption. For someone traveling back and forth between the U.S. they can be exempt for spending 330 consecutive days in the year outside the US.

What is The Minimum Income For ObamaCare?

You must project to claim at least 100% of the Federal Poverty Level in household income to qualify for tax credits through ObamaCare. This is true in all states.

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..

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.

Household Size and Income, Coverage and Tax Family

How to Understand Household Income, Family Size, Tax Family, and Coverage Family for ObamaCare Cost Assistance For ObamaCare, your “household” is your “tax family” (head of household, spouse, and tax dependents). Cost assistance is based on household income and size, the people who share a plan are called a “coverage family.” With this in mind, Household… Read More

How Before-Tax and After-Tax Contributions Affect Subsides

How IRA’s and HSAs work with the ACA Before-tax and tax deductible contributions (like to a traditional IRA) lower MAGI and increase subsidies. After-tax contributions lower MAGI on withdrawal (like the Roth IRA). HSA’s are tax free in and tax free out, which make them especially cool. This is generally true for ObamaCare’s tax credits… Read More

ObamaCareFacts is a free informational site. It's privately owned, and is not owned, operated, or endorsed by the US federal government or state governments. Our contributors have over a decade of experience writing about health insurance. However, we do not offer professional official legal, tax, or medical advice. See: Legal Information and Cookie Policy. For more on our company, learn About ObamaCareFacts.com or Contact us.