The Current State Of ObamaCare - ACA

[Yagents]

Have you ran those numbers?

There isn't that big of a difference for someone adjusting 1% of their income to get the assistance. I've hushed clients fears of: "what if I make 5,000 more"... when you use the shopping tool and show them that the subsidy is not going to move that much such a difference and fear is a non-issued.

For those prospects with income +/- $2000 of the upper limits I suggest going off exchange.

1. Yup, run the numbers yourself in 33913 zip code, two 60 year olds. run at 63k and then run at 62k. Almost 12,000 in tax credit difference.

2. If you make $5000 dollars more, and the impact is small, then there income is below 200% FPL. Anything above 250%, and the client will owe back 8%-9.5% of that $5000 back in the form of a clawback.

3. If the client is that close, you better put them ON the exchange, or it will be your arse if they end up having lower income, and you screw them out of a $12,000 tax refund. See client in #1 above. What if the make an IRA or HSA distribution, or have a capital loss, or lose hours or part time job.

 

[RayNY]

Someone at 401% and wants to get to 399% to get thousands in subsidies.
Or
Someone at 201% and wants to get to 199% to get a huge CSR upgrade.

Or, take less hours, lose group access and avoid family glitch issue, and actually get family covered without breaking bank.

Individual going from 47k, just over 400%, to 46k, which is 394%, nets you $161.52 in annual subsidy in my county.

A family of 5 going from 95k to 94k gets a $36/year subsidy for losing $1,000 in income.

I guess there's places where it makes sense, but generally, it doesn't.

I guess the $200 difference from 201% to 199% for the CSR makes sense, but generally speaking, you're giving up more than you're getting when it comes to lowering your income for a subsidy.

 

[Yagents]

Individual going from 47k, just over 400%, to 46k, which is 394%, nets you $161.52 in annual subsidy in my county.

A family of 5 going from 95k to 94k gets a $36/year subsidy for losing $1,000 in income.

I guess there's places where it makes sense, but generally, it doesn't.

I guess the $200 difference from 201% to 199% for the CSR makes sense, but generally speaking, you're giving up more than you're getting when it comes to lowering your income for a subsidy.

Run the numbers yourself in 33913 zip code, two 60 year olds. run at 63k and then run at 62k. Almost $12,000/yr in tax credit difference.

 

[russelltw]

I did a test in my area and the subsidy for 2 60 year olds at 62k was $913/month. At 64k, nothing.

There is a difference. If you use two 30 year olds at 62k, it's $96/month. That's why I try to focus on the older clients...

 

[RayNY]

Run the numbers yourself in 33913 zip code, two 60 year olds. run at 63k and then run at 62k. Almost $12,000/yr in tax credit difference.

I don't doubt for a second that you can find an exception to the rule.

In that same county, a 25 year old has to go from $46,000 to $34,000 for a $40 per year subsidy. Makes my examples look mild.

 

[Yagents]

Most of my clients are over age 55. I do very few young people.
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Any of you count how much tax payer money you've doled out?

For this coming year, my clients will be getting close to $1 million in APTC.

I feel dirty.

 

[houcoogster]

Most of my clients are over age 55. I do very few young people.
----------
Any of you count how much tax payer money you've doled out?

For this coming year, my clients will be getting close to $1 million in APTC.

I feel dirty.

Ratt N' Roll.....................................

 

[kgmom219]

Most of my clients are over age 55. I do very few young people.
----------
Any of you count how much tax payer money you've doled out?

For this coming year, my clients will be getting close to $1 million in APTC.

I feel dirty.

You kept track of this??? Why???

 

[G.Gordon]

I do run the difference for anyone within $5k of the upper limit. Most around here it makes little impact and they'd rather not have to deal with it.

 

[Yagents]

You kept track of this??? Why???

I wanted to keep track of how much of your money I was dishing out

I spreadsheet everything, simple "Sum" of column and presto