Obamacare Subsidies in Jeopardy

those who were employed by an employer did not receive this notification with a subsidy eligibility letter. Only those who were self-employed received this notification with their letter. as you can imagine it is virtually impossible to send proof of future sales to anyone.

Where are you getting this information? If they have been in business for a length of time then what I'd do is ask them to pull out last years taxes and tell me what the number is on line X of their 1040 where the MAGI was calculated. I'd ask if they believed that was going to be about the same this year and even advised to estimate on the High side vs the latter. I had many clients (Primary Client pool is small to medium sized business) where income wasn't asked to be verified and was manually entered in during the application process.
 
Love it. They can tell us what percentage received what amount of tax credits, but they can't tell us the total APTC laid out.

Federal insurance exchange subsidies cut premiums by average of 76%, HHS reports - The Washington Post

http://aspe.hhs.gov/health/reports/2014/Premiums/2014MktPlacePremBrf.pdf

The report indicates that many people tried to stretch their financial help by choosing health plans whose premiums are at the low end of the insurance alternatives available in their area. Nearly half chose the very-lowest-cost plan in their marketplace, and nearly two-thirds chose one of the two least-expensive plans.

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Looks like somebody else had to do the math for our gov't whose calculator batteries must have gone out, or the numbers were on Lerner's computer

http://news.yahoo.com/cbos-obamacare-estimates-shifted-over-last-164341232.html

By Levey's estimate, subsidized premiums will be $6.5 billion more than the Congressional Budget Office estimated in April — but about what was predicted in May of last year. As we've come to see, the actual enrollment numbers and the cost of paying insurance have been difficult to nail down.

In April 2014, the CBO estimated the government would pay $10 billion for subsidies. But a new report from the Department of Health and Human Services found that 87 percent of federal exchange consumers were eligible for subsidies, costing the government on average $264 a month, per person. Factoring that in, Levey estimated the government is paying $11 billion for federal exchange subsidies and $16.5 billion overall, much more than the most current CBO estimate.
 
You got to take into account a few more things here. Remember the thread saying how many people will owe the Gov money come tax time due to under estimating income. Ok theres some money and then add up all the penalties that will get collected then subtract that number from the total and you have your answer. Then next year if premiums go up then subsidies will go up there's just so many moving parts to try to get a handle on it. I gave up a while ago. Then you have things like lower auto rates due to more people having HI. Then factor in lower than normal rate increases...if that happens..it looks like it will here. After this has gone on for 3 full years say June 2017 we/they will be more able to gauge the full cost and benefits. Hopefully by then we begin to see the cost curve beginning to bend ever so slightly and a much more stable system than it is now. Time will tell.



Love it. They can tell us what percentage received what amount of tax credits, but they can't tell us the total APTC laid out.

Federal insurance exchange subsidies cut premiums by average of 76%, HHS reports - The Washington Post

http://aspe.hhs.gov/health/reports/2014/Premiums/2014MktPlacePremBrf.pdf

The report indicates that many people tried to stretch their financial help by choosing health plans whose premiums are at the low end of the insurance alternatives available in their area. Nearly half chose the very-lowest-cost plan in their marketplace, and nearly two-thirds chose one of the two least-expensive plans.

----------

Looks like somebody else had to do the math for our gov't whose calculator batteries must have gone out, or the numbers were on Lerner's computer

Yahoo!

By Levey's estimate, subsidized premiums will be $6.5 billion more than the Congressional Budget Office estimated in April — but about what was predicted in May of last year. As we've come to see, the actual enrollment numbers and the cost of paying insurance have been difficult to nail down.

In April 2014, the CBO estimated the government would pay $10 billion for subsidies. But a new report from the Department of Health and Human Services found that 87 percent of federal exchange consumers were eligible for subsidies, costing the government on average $264 a month, per person. Factoring that in, Levey estimated the government is paying $11 billion for federal exchange subsidies and $16.5 billion overall, much more than the most current CBO estimate.
 
Most of my clients are self employed. On that form it says something like if your going to be doing a freelance project you can put that down. I'm paraphrasing from what my client told me.
 
Florida Blue hasn't even finished paying out aep commissions for 3 of my friends.
I couldn't wait any longer so walked away without 20k in commissions and started my own fmo, recooped it in about 5 weeks.
 
Florida Blue hasn't even finished paying out aep commissions for 3 of my friends.
I couldn't wait any longer so walked away without 20k in commissions and started my own fmo, recooped it in about 5 weeks.

I've got 6 policies I haven't been paid on yet. These were all 1/1, some FFM, some direct. Same Carrier.

They finally showed up YESTERDAY on the agent portal, so I should get paid in August. Which is fine. Eventually, they always pay. You just have to keep up with it.
 
I've got 6 policies I haven't been paid on yet. These were all 1/1, some FFM, some direct. Same Carrier.

They finally showed up YESTERDAY on the agent portal, so I should get paid in August. Which is fine. Eventually, they always pay. You just have to keep up with it.

I don't know of any other job whee someone has to wait 7 months to be paid and its ok.
 
I don't know of any other job whee someone has to wait 7 months to be paid and its ok.

Consider medical providers where uncompensated care is expected. Some hospitals write off 30% of their medical bills.

Translation, they NEVER get paid for work done.

Doctors and dentists are in the same boat. My dentist has scaled back his practice and laid off staff over the last 4 years due to uncompensated care.
 
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