Two sides of the ACA

POSTED BY: Geezer
UPDATED: Tuesday, February 4, 2014 00:04
VIEWED: 2538
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GEEZER

Monday, February 3, 2014 10:20 PM

Quote:
Originally posted by 1kiki:
my figures, website result

Household income in 2014:
318% of poverty level
Maximum % of income you have to pay for the premium, if eligible for a subsidy:
9.5%
Health Insurance premium in 2014 (for a silver plan, before tax credit):
$25,536 per year
You could receive a government tax credit subsidy of up to:
$18,411 per year
(which covers 72% of the overall premium)
Amount you pay for the premium:
$7,125 per year
(which equals 9.5% of your household income and covers 28% of the overall premium)

You were saying?

My goof. Interesting that the calculator let's you show "list number of people in family" as 1 and "Number of adults (21 and older) enrolling in exchange coverage" as 4. Must have been designed by the same folks who did Healthcare.gov.

Then again, set them both at 4 and bump the income up to $95,000.

See what happens.

Also, you didn't mention the figures for a 60 year old woman.

ETA: Should I complain about you editing your post with no note you'd done so?

"When your heart breaks, you choose what to fill the cracks with. Love or hate. But hate won't ever heal. Only love can do that."

1KIKI

Monday, February 3, 2014 10:23 PM

I put those figures in. I was hoping you would be able to click on the link and get the exact same figures I entered to see where the numbers came from. The original website is totally blank.

GEEZER

Monday, February 3, 2014 10:31 PM

Quote:
Originally posted by 1kiki:
I put those figures in. I was hoping you would be able to click on the link and get the exact same figures I entered to see where the numbers came from. The original website is totally blank.

What's interesting to me is that for the family of four who are 52, 51, 22, and 21, living in Albany, if their income is $94,200, they are eligible for a $17,337 subsidy. If their income is $94,201, they get no subsidy at all.

"When your heart breaks, you choose what to fill the cracks with. Love or hate. But hate won't ever heal. Only love can do that."

SIGNYM

Monday, February 3, 2014 10:34 PM

So, the numbers don't add up. But Geezer decided to pass along an inaccurate article anyway.

Go figure!

GEEZER

Tuesday, February 4, 2014 12:04 AM

Quote:
Originally posted by SIGNYM:
So, the numbers don't add up. But Geezer decided to pass along an inaccurate article anyway.

Go figure!

Actually, the numbers do add up. Try it yourself on the Kaiser subsidy site with:

1. A family of four, with a 52 year old dad, a 51 year old mom, and two kids, 21 and 22. Income of $95,000. Zip code 31707. (Note that they don't mention any ages for the family of four in the article, so these are just the ages Kiki used.)

1. Single woman of 60 with an income of $47,000 also in zip code 31707.

I'm counting this a red herring #5.

"When your heart breaks, you choose what to fill the cracks with. Love or hate. But hate won't ever heal. Only love can do that."

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