Contents tagged with subsidies
Posted Sep 18, 2017 by Jenifer Dorsey
If health insurance rates keep going up, when does coverage cease to be affordable? The answer to that question depends on a number of factors and can be fairly subjective. However, we can look at how the Affordable Care Act (ACA) defines affordability for guidance.
Continue reading: What Makes Obamacare Affordable?
Posted Apr 07, 2017 by Jenifer Dorsey
Since 2010, when President Obama signed the Affordable Care Act into law, the nation’s uninsured population has dropped to its lowest rate in the 25 years CDC’s National Health Interview Survey has reported such data: less than 10 percent. In the first nine months of 2016, the percentage of people who were uninsured at the time of the interview was 8.8 percent compared with 16 percent in 2010.
Continue reading: Do You Need Health Insurance This Year?
Posted Jan 11, 2017 by Jenifer Dorsey
How affordable is health insurance under the Affordable Care Act? It depends on whom you ask. With monthly premium rates increasing an average of 25 percent nationwide for 2017 and soaring as high as 176 percent in places such as Phoenix, Obamacare keeps getting more expensive while options keep dwindling. And, consumers are getting frustrated.
Continue reading: What Can I Do If Obamacare is Too Expensive?
Posted Dec 08, 2016 by Jenifer Dorsey
Planning to buy health insurance from a state-based or federally facilitated exchange and curious about your premium tax credit amount?
Continue reading: How to Calculate Your 2017 Obamacare Tax Credit
Posted Oct 31, 2016 by Jenifer Dorsey
Income-based premium tax credits are a key part of the Affordable Care Act. They’re the “affordable” part, helping reduce what individuals and families pay for health insurance. However, not everyone qualifies for these Obamacare subsidies.
Continue reading: Don’t Qualify for an Obamacare Subsidy? 3 Alternatives to HealthCare.gov
Posted Oct 27, 2016 by Jenifer Dorsey
Get ready for some extra attention from the Obama administration this open enrollment season.
Continue reading: Uninsured Won’t Fly Under the Radar During 2017 Open Enrollment
Posted Oct 13, 2016 by Jenifer Dorsey
You could wind up repaying your advance premium tax credit and miss out on future subsidies
Affordable Care Act health insurance subsidies help lower premiums and out-of-pocket expenses for many people. The Department of Health and Human Services reported that about 85 percent of the 11.1 million people with active Marketplace coverage (i.e., those who bought health insurance from state-based or federally facilitated exchanges) as of March 31, 2016, were receiving an advance premium tax credit.
Continue reading: Don’t Make These Obamacare Tax Mistakes
Posted Sep 09, 2016 by Jenifer Dorsey
The Affordable Care Act’s subsidies—both tax credits and cost-sharing reductions alike—are based on one’s income in relation to the federal poverty level. This also applies to Medicaid eligibility in states that expanded their programs.
Continue reading: Your Guide to the Federal Poverty Level
Posted Aug 23, 2016 by Jenifer Dorsey
As we approach the 2017 open enrollment period, the Affordable Care Act continues to face scrutiny and challenges.
Continue reading: Will Obamacare Cost Sharing Reduction Subsidies Be Available in 2017, Or Are They Ending?