SanFranNan strikes again!
...Under the ACA, federal subsidies in the form of tax credits to
buy insurance on new state health insurance exchanges will be
available to millions of people who can start enrolling on those
exchanges Oct. 1. The subsidies are available to people or families
whose incomes total 400 percent above the federal poverty level or
less, and are designed to cap their insurance premiums at 9.5
percent of their total income.
For a single person, that FPL income maximum is $45,960 per
year. The maximums are adjusted upward for couples and families
until maxing out at $94,200 for a family of four.
Under a scenario that ValuePenguin.com identified, a couple in
Ohio, both age 50, would be eligible for subsidies worth $3,452 to
purchase a so-called silver insurance plan—a moderately priced
level of benefits under the ACA’s scheme—that costs $9,346 annually
if they made up to $62,040 per year.
But if they made just $1 more than that, they would lose the
subsidy. Wu noted that the couple then would have to earn at least
$65,492 to make up for the lost subsidy...--Quoted at AmSpecBlog
The second highlight is the point of the original article.
But it's worth re-reading the first highlight: ObozoCare premiums will snatch NINE AND A HALF PERCENT of your income.
That's "free" health-care, right?
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3 comments:
"But it's worth re-reading the first highlight: ObozoCare premiums will snatch NINE AND A HALF PERCENT of your income."
Hey that's an improvement over the 13% Blue Cross hit us with last year!
Are you telling us that your healthcare premium is 13.5% of your gross pay?
Or are you misreading the post?
Ok, I'm an illiterate union member. Happy now, bitch?
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