dpnewell
12 years ago
Due to the down economy, my wife and I are two of the 30 million uninsured, that the ACA is suppose to help. Well, I just ran the numbers.

014 annual household income: 161% of poverty level
Number of tobacco users in your household: 1
Your estimated 2014 total premium costs before the tax credit: $15,089

$3,762 of which is due to a tobacco surcharge
Your estimated tax credit:
$10,199
(which covers 68% of the overall premium)
Your estimated 2014 total premium costs including the tax credit:
$4,891 per year
(which equals 19.56% of your household income and covers 32% of the overall premium)



Not only is this for a Silver plan, with massive deductables, but the estimated tax credit is a hoax. The credit is against tax liability, not a rebate like the EIC. My tax liability this year was $1,400, so if my income remains that same, after shelling out $15,089 in premiums for a year, I would receive a tax credit of $1,400 on my 2014 tax return. This means the premiums alone would actually cost me $13,689, about half my income. If I actually need medical attention, I will have the additional expense of the large deductible, and then 30% of all charges after that.

This is affordable? What a joke. Thank you libtards and obamatrons for re-electing this empty suit.

If the Republicans where smart, they'd have allowed the ACA to go through. After folks found out the truth about this, and ended up paying through the nose for health care, a Democrat couldn't get elected to dog catcher in 2016.
DadZilla3
12 years ago

If the Republicans where smart, they'd have allowed the ACA to go through. After folks found out the truth about this, and ended up paying through the nose for health care, a Democrat couldn't get elected to dog catcher in 2016.

dpnewell wrote:


You would think so, but unfortunately we should never underestimate the something-for-nothing entitlement mindset of a sizable percentage of the voting population.
Taps86
12 years ago
Everyone knows not to say they are a smoker..............
dkeage
12 years ago

Everyone knows not to say they are a smoker..............

Taps86 wrote:




Works great when your illness is a direct result of smoking and your claim is denied....


victor809
12 years ago
Is this just for two people?
I mean, I just today started an individual plan (not Obamacare - free market) and am going to pay about 6k annually for a reasonably good co-pay plan. Maybe you should shop around... obamacare doesn't mean you have to buy their plan, any plan will keep you from having to pay the penalty.
HockeyDad
12 years ago
This saddens me.

I've always said people should be asking why the insurance companies were and are 100% in favor of Obamacare
Lou Sanis
12 years ago
1400 liability, 1400 credit?

Am I missing something or do you want them to pay you?
Lou Sanis
12 years ago
My folks were paying 1500 a month prior to going on Medicare. That was a unsubsidesed group rate through his employer since he retired early. Premiums suck.

Just pat the hunnert or two and skip it. Who needs insurance anyway.

I am being sarcastic by the way. I hope you find something that world for you.
dpnewell
12 years ago

1400 liability, 1400 credit?

Am I missing something or do you want them to pay you?

Lou Sanis wrote:



No, the proponents of this plan claim, that due to my low income, I'd get a $10,199 subsidy to help pay for the insurance. In reality, it's more like $1,400. Most lower income folks will not get anywhere near the subsidy they are told they will be getting. Many won't know this until they file their 2014 tax return. Further proof of the lies and deception.
dpnewell
12 years ago

Is this just for two people?
I mean, I just today started an individual plan (not Obamacare - free market) and am going to pay about 6k annually for a reasonably good co-pay plan. Maybe you should shop around... obamacare doesn't mean you have to buy their plan, any plan will keep you from having to pay the penalty.

victor809 wrote:



Yes, a 56 year old tobacco user, and a 54 year old non-tobacco user. Like I'm going to spend half my income on this abortion of a health plan. Come on dude, you know me better then that.
Lou Sanis
12 years ago
I hope it works out man. That sucks.
z6joker9
12 years ago
I haven't seen the rates yet because the healthcare site is an unoptimized POS, but I'm really surprised you guys don't like it. There are restrictions preventing insurance companies from charging older folks more than a certain amount over the young, prevents them from denying due to preexisting conditions, and yet requires the young and healthy to buy insurance or pay a penalty. All this means is that the young will subsidize the old.

Remember the tax credit is paid directly to the insurance company to reduce how much you have to pay every month.

I'm scared that this will kill my $100/mon private market insurance plan. I don't qualify for tax credits since my wife's employers offers insurance, but it would cost 3x what I'm paying now to add me to her plan. I suppose I'll find out soon.
TheSmokensip
12 years ago
The plan is designed to fail. Single payer is coming.
Buck up comrades.
dpnewell
12 years ago

I haven't seen the rates yet because the healthcare site is an unoptimized POS, but I'm really surprised you guys don't like it. There are restrictions preventing insurance companies from charging older folks more than a certain amount over the young, prevents them from denying due to preexisting conditions, and yet requires the young and healthy to buy insurance or pay a penalty. All this means is that the young will subsidize the old.

Remember the tax credit is paid directly to the insurance company to reduce how much you have to pay every month.

I'm scared that this will kill my $100/mon private market insurance plan. I don't qualify for tax credits since my wife's employers offers insurance, but it would cost 3x what I'm paying now to add me to her plan. I suppose I'll find out soon.

z6joker9 wrote:



See, that's what I, and most Americans thought, but from the multiple sources I've read on this, it seems to be a lie. Do a search on exactly how the subsidy is paid, and I think you'll be shocked. From the research I've done, you have to pay the entire premium, up front, and then you receive the subsidy as a tax credit when you file your 2014 return. Bad enough that folks have to pay out the entire premium up front, but here's the real kicker. Since the subsidy is in a form of a credit against actual tax liability (not a refund like the EIC), most lower income folk aren't going to receive anywhere near the subsidy they're being told they will. Look at my example. I'm told that I'm getting over $10,000 in subsidy when signing up, but will actually only get $1,400 due to my low tax liability.

Maybe I'm wrong, but I've done research, and this is what I've found. If this is true, then once again, this administration is outright lying to the American people.
rfenst
12 years ago
IRONY- When the government program you vehemently and bitterly oppose doesn't provide you with any benefits you can use.
rfenst
12 years ago

Works great when your illness is a direct result of smoking and your claim is denied....


dkeage wrote:



+1
DrMaddVibe
12 years ago

IRONY- When the government program you vehemently and bitterly oppose doesn't provide you with any benefits you can use.

rfenst wrote:




Like our military being put on every continent...in almost every nation?

ZRX1200
12 years ago
There's always free cheese on a mouse trap.
DrafterX
12 years ago
still no cheese for X.... 😞
Burner02
12 years ago
Anyone surprised?
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