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My subsidy is going down this year and my premium has gone way up with my benefits getting worse.
I have a much more limited choice of BCBS plans than I did last year. I don't have help through an employer with health insurance.
Healthcare.gov tells me to call BCBS, BCBS tells me to call healthcare.gov
Hoping to find some insight here.
My income is around $40k. For a decent $4k deductible Silver plan my premium after subsidy will be around $340.
Is this average/normal? I just want to make sure I'm not missing something before committing to this.
I plugged in $40K, my zip code, and single person, non-smoker into the Kaiser Foundation health insurance market calculator and get $319/month for Silver plan, so pretty close to that.
Is it asking for gross or net income? When I did mine (I am self employed) it specified my net income, so with a $3600 deductible, my premiums were $71/month. I also included my husband's disability, even though he can get insurance through the VA. If he couldn't have, then my premiums alone would have been less than $10/month with something like a $2000 deductible.
Is it asking for gross or net income? When I did mine (I am self employed) it specified my net income, so with a $3600 deductible, my premiums were $71/month. I also included my husband's disability, even though he can get insurance through the VA. If he couldn't have, then my premiums alone would have been less than $10/month with something like a $2000 deductible.
You must put in your gross income (before taxes) when applying on healthcare.gov
Are you in the $40k range and still only paying $71 a month?
Is it asking for gross or net income? When I did mine (I am self employed) it specified my net income,.....
Quote:
Originally Posted by goldenlove
Yes and it told me to put in my business profit, not my gross profit.
I am just figuring all this out. I had a grandfathered plan BCBS canceled this year so it's my first year to
get a plan from Obumacare.
Would your business profit be the salary you pay yourself??
If so wouldn't that be your gross income.
I thought it had to be the gross taxable income on your tax return.
My subsidy is going down this year and my premium has gone way up with my benefits getting worse.
I have a much more limited choice of BCBS plans than I did last year. I don't have help through an employer with health insurance.
Healthcare.gov tells me to call BCBS, BCBS tells me to call healthcare.gov
Hoping to find some insight here.
My income is around $40k. For a decent $4k deductible Silver plan my premium after subsidy will be around $340.
Is this average/normal? I just want to make sure I'm not missing something before committing to this.
Thanks!
Welcome to the fun club! How to go broke in 2 easy steps.
My income is about the same as yours. My last Silver plan was 2016 and with the subsidy hit $400 last year. I had to drop to Bronze.
I am 52, maybe you are a bit younger? There is a good sized age penalty too.
I think I'm going to have to pick an even lower Bronze plan this year
In my state, if I want the subsidy I am forced to go through our own state website. Which sucks so so bad. Going to see them in person is even worse.
Horrible horrible system
ps - you are supposed to use your MAGI. I am self employed as well with a fluctuating income. I tend to guess high as I am petrified of paying a too-low monthly amount and getting fined for that.
This is a year later and I had to look at plans on the gov't site last night for my husband. He makes $13/hr and the lowest premium I could get for him is $575.88. That is completely ridiculous. Who on earth is this site helping?? In the beginning the site said I'd be able to find out if he qualified for assistance, well I never found out - where does it tell you that?
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