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Sounds like she did something wrong with her application or didn't qualify.
No she didn't because I put in the amount twice. She did it again twice. We ended up using a plan not in coveredca. This is before the application stage. Just the part that you put in your income, age and select the plan. Not much can go wrong except it did.
If by HC, you mean health care, AKA Affordable Care, I think it did help a lot of people. I guess I can see your point about people retiring in their 40s and 50s who have tons of money stashed away in accounts who take advantage of the system to get their healthcare subsidized, but what about those whose bodies wear out, or are victims of age discrimination or for whatever reason have to retire prior to age 65? I don't think it is for you or me to decide what their fate should be.
I'm sure it did help some people. But on average it was very expensive. I think wsj had an article it costs the government an average $29,000 per year under ACA.
Victims of age discrimination. We are all victims. My whole family everybody experienced some form of age discrimination, but we managed to carry on.
Note again, I don't dictate their fate, voters did. We live in a democracy.
The thing is that a lot of entry level jobs do not provide health insurance. Many young people on their parent's policy are working! Staying on their parents' helps bridge the gap between school and a job with benefits. Also, it keeps them on an employer-provided insurance plan instead of getting taxpayer subsidies to buy individual insurance.
Plus those young people are technically healthy, it doesn't cost much on average to cover them.
no sense in waiting. USA HC is not an option during ages 50 - 65, nor has it been since A(?)CA, and well before.
Deal with it by your own means.
1) keep working
2) move overseas
3) afford it (~$50k / yr at risk)
4) use medical tourism (as do 15m / yr, including MANY from national HC countries)
5) use a HC sharing network
6) be at risk (self insured)
7) Find a SO with HC insurance
Hopefully there will be more options in the future, but I am not PUTTING my life on hold WAITING to discover them.
YMMV
Actually ACA has and is being used by a large number of early retirees. Income drops subsidy kicks in, as long as you have some cash it works out. According to the online Calc if I'm 50 and say I have 30,000 in countable income the feds kick in $350 a month and a I pay $200 a month with a $3500 ded and 35 copay (about the same as most employers plans)
Actually ACA has and is being used by a large number of early retirees. Income drops subsidy kicks in, as long as you have some cash it works out. According to the online Calc if I'm 50 and say I have 30,000 in countable income the feds kick in $350 a month and a I pay $200 a month with a $3500 ded and 35 copay (about the same as most employers plans)
Yes, Affordable Care Act (ACA) or what is called Obamacare is, indeed, being used by many retirees between age 50 and 64.
Last edited by matisse12; 03-10-2017 at 04:38 PM..
All I know is a 26 year old is NOT a child. I think that having "children" eligible under their parents health care until they are 26 is ridiculous. Time to grown up and go to school or get a job like the rest of us!
This because so many are in school and not in the workforce to get or pay for healthcare
I'm wondering if NewbieHere was writing fast and misspoke in her haste when she wrote "It's not right to retire before 65." Her previous comment was "But it's not a right to retire pre-Medicare age." And I agree with her previous comment. If you can qualify for disability, work a public or private sector job that allows you to retire before 65 and provides health insurance after retirement, save enough to pay for your own health insurance for a few years, or even manage to milk the ACA subsidies based on an artificially low income, then good for you. But it is not the responsibility of the taxpayer to fund your early retirement, we have enough people to subsidize as it is.
Maybe you should spend some time to learn more about the new law. It's called advanceable tax credit, you get the tax credit ahead, even if you don't owe any tax, you get some money back. It could go into an HSA.
It's ridiculous because you want to complain instead of trying to understand the bill. Guess what under Obamacare, my kid was supposed to get subsidy and she got none, now that is real RIDICULOUS, not fake one.
The tax credit advance will not help someone who is unable to pay - it is simply an advance on what you think your tax credit will be. If you have no tax credit, you get no advance. If your tax credit is way less than the premium and you cannot afford the premium, then you are out of luck. The advance cannot do anything for that situation.
The tax credit advance was also available under ACA.
The tax credit advance will not help someone who is unable to pay - it is simply an advance on what you think your tax credit will be. If you have no tax credit, you get no advance. If your tax credit is way less than the premium and you cannot afford the premium, then you are out of luck. The advance cannot do anything for that situation.
The tax credit advance was also available under ACA.
Well it sucks isn't it, how do they pay now? It's an advance by age, not income unlike subsidy like Obamacare. ACA was subsidy not tax credit. Learn the difference. WSJ had an article specifically on this recently.
Well it sucks isn't it, how do they pay now? It's an advance by age, not income unlike subsidy like Obamacare. ACA was subsidy not tax credit. Learn the difference. WSJ had an article specifically on this recently.
"The Basics. The premium tax credit is a refundable tax credit designed to help eligible individuals and families with low or moderate income afford health insurance purchased through the Health Insurance Marketplace, also known as the Exchange, beginning in 2014."
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