Getting screwed by the healthcare marketplace with no explanation.

[mmonk]

Reduction in subsidy but income hasn't increased. Anyone else getting this type of behavior?

[still_one]

1. Curious, do you get the same figures if you go to your state's exchange and put the numbers in?

What I am trying to understand is this based on a renewal of the insurance you had?

What I am wondering is did the insurance increase their premium, or did your subsidy get decreased, or both?

[mmonk]

3. My state doesn't have an exchange.

I received a letter from the Marketplace saying my income had changed. The estimate I had given (self-employed) and which my initial rate was based on was actually higher than my tax return ended up being. So I figured the subsidy would increase (as did so my insurance agent). I got a second letter from the Marketplace saying my subsidy was being reduced. Blue Cross and Blue Shield software actually figured an increase in subsidy. I called the exchange. The first person I talked to had no explanation but said someone had changed it on the 13th. The second person I talked to later said the system was showing no decrease for my wife or my son but a decrease on me. We file jointly and my son currently is a dependent. The second person said to call the IRS. She said it may have been changed by them or Homeland Security. I have received nothing from the IRS about my return.

[Autumn]

5. Homeland Security? What would they have to to with the subsidy?

Good luck and keep us posted. Still waiting for the call back on mine.

[mmonk]

10. Homeland Security watches your bank account

for large deposits or transactions ever since 9/11.

[nationalize the fed]

12. For $8.43 Million Dollars per HOUR

Seems like they could do more. Why not scan every single transaction? Every cent. Monitored and recorded. And let's get rid of cash. If it can't be monitored and recorded it's un-American. Bend Over and Salute the New American Fascism.

Every hour, taxpayers in the United States are paying $8.43 million for Homeland Security Since 9/11.
https://www.nationalpriorities.org/cost-of/

The biggest ripoff in human history. Well that and the wars, that is.

Every hour, taxpayers in the United States are paying $10.54 million for Total Cost of Wars Since 2001

$20 million dollars per HOUR on the war$ and "$ecurity".

Present day Americans give new meaning to "Taking Candy from Babies"

[mmonk]

13. Amen.

[still_one]

6. That was the just of my question. Wow, you are getting a run around for sure it sounds like. So

they are reporting your income higher than it is, and it seems you are having problems finding a compentent person to help you.

Can you contact the person who changed it on the 13th. You are running out of time, that is the problem.

One thing, as I understand it, if there is an over or underpayment of premium, doesn't it result in a tax credit or increase respectively?

Somehow you need to inform them that they have made a mistake on the income. Wow, sorry about your situation, I hope you are able to get it resolved

[mmonk]

9. Just another headache I'm dealing with.

This smells. Will I accept this ? Certainly not. I don't care if they didn't give me time to react. I don't have to pay for it. The insurance company, for once, isn't the bad guy here.

[still_one]

11. All the best

[jeff47]

2. Subsidy is based on the cost of the second-cheapest "silver" plan.

If the second-cheapest "silver" plan costs less, the subsidy goes down.

The good news: Insurance coverage in your area is cheaper. The bad news: your plan may not be.

[mmonk]

4. See my answer to the above post.

[still_one]

7. I thought subsidy was based on income and dependents?

[jeff47]

8. It's based on your income and dependents buying the second silver plan.

A subsidy has to take into account the cost of what you are buying. The price of the second silver plan sets the price of what you are buying.