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Digit Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-25-09 02:22 AM
Original message
I have a question on the subsidy
But first want to say how much I hate this proposal. Now that I have gotten that off my chest, I am trying to figure out how quickly I will go broke.
Computing what I would pay shows the larger amount being subsidized. Would I need to sell an organ or two to pay the full amount each month and get the money I didn't have in the first place back on my taxes or would I only go have to go without food...keeping my organs with the government paying the difference each month?

Here is the subsidy calculator
http://healthreform.kff.org/SubsidyCalculator.aspx

Actual annual plan premium: $7533 OR 627.75/MONTH
Person/family premium payment: $3430
Government subsidy: $4104
Medium cost area ?

Seriously, do you as an individual pay the entire premium and get it back on your tax return?
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ThePhilosopher04 Donating Member (435 posts) Send PM | Profile | Ignore Fri Dec-25-09 02:38 AM
Response to Original message
1. Great question...
and my guess is you'll have to pay up front and file it on your return. I doubt seriously the federal government will send out checks unless they have record of payment in full. Another option would be for the insurance companies to bill the government for the subsidized portion, but somehow I don't see that happening. It'll be a clusterfuck as sure as the sun rises - just wait and see.
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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-25-09 02:53 AM
Response to Reply #1
2. I think the insurance company bills the government for the subsidy.....
Edited on Fri Dec-25-09 03:17 AM by FrenchieCat
there is no check to an individual involved.
that's generally how subsidies work.

The reason one gets subsidies in the first place is because one can't afford the product, in this case health insurance....
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sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-25-09 03:00 AM
Response to Original message
3. No. You pay your portion only.
The government pays the subsidized portion. So your premium would be around $280 a month for a family of 4.
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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-25-09 03:12 AM
Response to Reply #3
4. I just did the calculation, and I'm pretty excited.....
Currently, because I am self employed (both my hubby and me),
we pay $1,200 per month for us and our two kids.....
plus we pay copays...

going to the calculator,
The house bill reduced my annual premium by $5,395,

and the senate bill reduced it by $6,560!

If this is even close,
that is more than excellent! :bounce:


User friendly calculating screen at that!

(sample) --



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POAS Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-25-09 03:15 AM
Response to Reply #4
6. Frenchie go back
to that page and click on the "side by side comparison" link. I found that most helpful.
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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-25-09 03:16 AM
Response to Reply #6
7. Ha.....ok. Just got there!
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frazzled Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-25-09 04:34 PM
Response to Reply #3
8. $280 a month versus $1,100 right now
That's a big deal.

Right now, the average price of a policy on the private market for a family of four is over $13,000. The premium if the bill goes in would apparently go down to $9,000+, and with subsidies to $3,300, for the income in question.
Don't tell me this isn't going to help a lot of people. Even those making almost twice what the example here is. Even if you don't qualify for any subsidies, it will be somewhat cheaper--and they can't turn you down from getting it! If you're over 50 and need to buy insurance privately, you can't imagine what that means.

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Dappleganger Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-25-09 08:26 PM
Response to Reply #8
9. +1
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POAS Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-25-09 03:12 AM
Response to Original message
5. According to that same website
the Senate's version provides an advanceable and refundable credit.
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boppers Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-25-09 08:51 PM
Response to Original message
10. $2,557 a year for me, 5.3 percent of my income.
No subsidy for me, as I'm in the top 25% of wage earners.
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