More Obamacare fuckups

[Ceyrin]

Why is it bullshit?

It causes the "affordable care act" to be less affordable in those states, generally speaking.

Speaking personally, as someone who owns a business in the state of Virginia and does not have a business that's large enough to be required by law to provide insurance to my employees, and isn't generally profitable enough to be able to afford to offer it. My annual income is basically only what I need to survive, as such it's low enough to be considered 'poverty level'. In Virginia, because my income is considered poverty level, and my state does not extend Medicaid, I do not qualify for any tax credits. As a result, my insurance costs are going to be increased. My provider has already sent me a notification of my policy rate changing effective 2014. There's no cheaper option available either.

However, for fun, I looked into what it would be if I were in Maryland still, and under the exact same circumstances, my insurance costs would decrease several hundred dollars instead, and I'd be able to go with Medicaid if I wanted to (decreasing costs further). So, because Virginia decides not to extend medicaid, and the providers in this state know it, they're increasing their rates on people.

[Tgo01]

In Virginia, because my income is considered poverty level, and my state does not extend Medicaid, I do not qualify for any tax credits.

I don't understand. I'm 99% sure if you're at the poverty level (or up to four times the level) you qualify for tax credits regardless if you're on Medicaid or qualify for it.

[Jarvan]

It causes the "affordable care act" to be less affordable in those states, generally speaking.

Speaking personally, as someone who owns a business in the state of Virginia and does not have a business that's large enough to be required by law to provide insurance to my employees, and isn't generally profitable enough to be able to afford to offer it. My annual income is basically only what I need to survive, as such it's low enough to be considered 'poverty level'. In Virginia, because my income is considered poverty level, and my state does not extend Medicaid, I do not qualify for any tax credits. As a result, my insurance costs are going to be increased. My provider has already sent me a notification of my policy rate changing effective 2014. There's no cheaper option available either.

However, for fun, I looked into what it would be if I were in Maryland still, and under the exact same circumstances, my insurance costs would decrease several hundred dollars instead, and I'd be able to go with Medicaid if I wanted to (decreasing costs further). So, because Virginia decides not to extend medicaid, and the providers in this state know it, they're increasing their rates on people.

So you own a business, and make less then 12K a year? You may want to just get a job at McDonald's instead.

As for the differences in the states. Well.. if you want to live in a state that will be raising taxes in the very near future, go ahead. The federal dollars for the medicaid expansion is only good for a few years, then the state has to foot the entire bill. Pretty much no state runs in the black so as it is. So not sure what they are going to do when suddenly they have another billion or so in Medicaid costs.

If you are single, and make more then 12k a year, you are not at the poverty level. So you may want to rethink that.

I don't understand. I'm 99% sure if you're at the poverty level (or up to four times the level) you qualify for tax credits regardless if you're on Medicaid or qualify for it.

Yeah, you qualify for some tax credits if you are at poverty level, generally 2,500 per year.

Number of people in your household Income range to qualify for lower costs
1 $11,490 to $45,960


So.. Bronze plans seem to cost around say 200.00 bucks on average in Virginia. If you really make Poverty level, that means you would qualify for 2,500 in savings at tax time, meaning you would pay Zero, or nearly Zero for the plan. Yes, you would have a deductible, and Co-insurance, when you don't generally have that under medicaid, but once again... if you Own a small business, and employe people, and you make less then 12k a year profit for yourself.... you have MUCH bigger issues.

[Whirlin]

I don't understand. I'm 99% sure if you're at the poverty level (or up to four times the level) you qualify for tax credits regardless if you're on Medicaid or qualify for it.

I haven't read the last 10 pages... but I saw this one.

It's actually a phase in and a phase out on the earned income tax credit. I'm just throwing random numbers out there to make a point, but it's like, if you make more than 15k, but make under 30k, then you qualify. The main reason was to have an objective way to try to weed out children from obtaining the tax credit, which could overshadow the dependent deduction.

It's also the caveat of EARNED income. Passive income does not count towards the earned income tax credit. Income from activities such as donations or panhandling are not considered 'earned'.

[Gelston]

I haven't read the last 10 pages... but I saw this one.

It's actually a phase in and a phase out on the earned income tax credit. I'm just throwing random numbers out there to make a point, but it's like, if you make more than 15k, but make under 30k, then you qualify. The main reason was to have an objective way to try to weed out children from obtaining the tax credit, which could overshadow the dependent deduction.

It's also the caveat of EARNED income. Passive income does not count towards the earned income tax credit. Income from activities such as donations or panhandling are not considered 'earned'.

Can you write a guide on this thread. 151 pages is too much.

[Tgo01]

I haven't read the last 10 pages... but I saw this one.

It's actually a phase in and a phase out on the earned income tax credit. I'm just throwing random numbers out there to make a point, but it's like, if you make more than 15k, but make under 30k, then you qualify. The main reason was to have an objective way to try to weed out children from obtaining the tax credit, which could overshadow the dependent deduction.

It's also the caveat of EARNED income. Passive income does not count towards the earned income tax credit. Income from activities such as donations or panhandling are not considered 'earned'.

But if he qualifies for Medicaid he should qualify for tax credits, right? I'll admit I don't know for sure but I'm pretty sure.

[Jarvan]

I haven't read the last 10 pages... but I saw this one.

It's actually a phase in and a phase out on the earned income tax credit. I'm just throwing random numbers out there to make a point, but it's like, if you make more than 15k, but make under 30k, then you qualify. The main reason was to have an objective way to try to weed out children from obtaining the tax credit, which could overshadow the dependent deduction.

It's also the caveat of EARNED income. Passive income does not count towards the earned income tax credit. Income from activities such as donations or panhandling are not considered 'earned'.

I love how the website for ACA STILL Lies.

"Most people who apply will pay lower monthly premiums than those shown here. "

No.. you never have reduced monthly premiums. You get money back at Tax time... the NEXT year. So you pay it up front, and the Government reimburses you... eventually. This is of course a GREAT Idea for those people that can afford (not) the 2,500 or so that they will be waiting on for a year. I mean, we all know most of the people that would qualify for it don't live paycheck to paycheck now. I am sure they can afford 200 odd less dollars a month.

But if he qualifies for Medicaid he should qualify for tax credits, right? I'll admit I don't know for sure but I'm pretty sure.

Yes. But I seriously doubt he is "poverty" level. Unless he is a "big Love" type person and has 3 wives and 11 children. Then, maybe. But if you figure a full time job working his business, and making less then 12k a year, that means he earns less then 5.80 an hour. Which frankly means, he really would be better off at McDonald's. It would also mean his employees make more then him.

[Back]

Can you write a guide on this thread. 151 pages is too much.

Agree!

[Jarvan]

Agree!

Increase threads per page to 50 and it's only 31.

See.. I can act just like the CBO and Congress!

[Tgo01]

Increase threads per page to 50 and it's only 31.

See.. I can act just like the CBO and Congress!

Come on guys, whether you're a Democrat, Republican or Communist that was pretty damn funny.