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This message was self-deleted by its author (LAGC) on Sun Nov 20, 2016, 07:35 AM. When the original post in a discussion thread is self-deleted, the entire discussion thread is automatically locked so new replies cannot be posted.
Glorfindel
(9,729 posts)Thanks for posting it!
Squinch
(50,949 posts)wilsonbooks
(972 posts)I have been told that if your state does not expand Medicaid then you are not eligible for subsidies.
LAGC
(5,330 posts)And it's true, if you expect to make less than 100% FPL ($11,500) you don't qualify for subsidies.
I only made $10K last year, but with added work-study at my local community college, I expect that to be pushed up to $12K or so this year, just over the threshold.
Supposedly though, even if you end up making less than 100% FPL in 2014, you can still over-estimate your 2014 income as $12K, reap all the tax credits and cost-sharing, and not be penalized for it come tax time:
http://www.kaiserhealthnews.org/Stories/2013/August/12/income-projections-low-income-Obamacare-state-medicaid-marketplace-exchange.aspx
wilsonbooks
(972 posts)LAGC
(5,330 posts)I'm sure that approach will be the worst kept secret in every red state that refused to expand Medicaid by the time the March deadline rolls around.
godevil10
(63 posts)I just hope that the subsidies will be funded by someone, somewhere. This concerns me greatly.
LAGC
(5,330 posts)From what I understand, most of the funding for the subsidies comes not just from the tax penalty for those who refuse to get insurance, but also from an estimated $1 trillion savings from Medicare, all those formerly uninsured people who will now be able to get free preventative care check-ups to catch serious ailments and diseases early and treat them before they become a real expensive burden to the Medicare rolls.
Indeed, as difficult as it is to believe, all this low-cost insurance goodness may actually end up saving us all money over the long-haul. (Although not as much as single-payer would.)
classof56
(5,376 posts)Glad to see something great coming out of Idaho, besides all that amazing scenery I've enjoyed from time to time. Good going!
LAGC
(5,330 posts)I'll never forget experiencing Crater Lake as a child. Hope to go back someday.
The coast has some great seafood as well!
And Hallelujah! Thanks for sharing your good news about the Affordable Care Act!
They've been slow for me, saying I might qualify for medicaid. But I was still worried about deductibles and such. What I had before had a huge deductible - the price was the same for people who made too much for medicaid, which is still very little, and people who are millionaires. It was either/or before.
Cha
(297,190 posts)giving us this info from your RECON controlled state.
I can see why you're so happy!