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follow CBOEtrader 2018 Aug 23, 10:40am
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I thank sweet jeebus errday that I've got good employer healthcare because those kind of fucking premiums are just plain cruel.
At $82k/yr of family income their family of 4
receives a $1800 monthly subsidy, covering the full premium of the plan.
CBOEtrader saysAt $82k/yr of family income their family of 4You realize this is over 300% of the FPL? So you are sayingCBOEtrader saysreceives a $1800 monthly subsidy, covering the full premium of the plan. At around 333% FPL how are they receiving a full subsidy? Something smells fishy around here.
You are most likely paying $1800 for your family per month whether you realize it or not. Your employer can choose to pay 0 to 100% of that premium, but I guarantee you that is coming out of your potential compensation.
They think if the government picks up the tab, their employers will funnel all those dollars they don't spend on premiums to the employees.... LOL
At around 333% FPL how are they receiving a full subsidy?
so it's a union healthcare plan.
Long story short: wife getting a job and increasing family revenue by less than $14k equals extra taxes of MORE THAN $14k.She is literally losing money by going back to work.
but because IATSE is in general a well run union with reasonable pension and healthcare expenses, it's likely costing me a great deal less than an individual plan.
Evan F. says so it's a union healthcare plan.So, where does the money come from to pay their side of the costs?
Anyone that gets insurance thru an employer is a socialist.
MrMagic saysEvan F. says so it's a union healthcare plan.So, where does the money come from to pay their side of the costs?Out of your dues and/or paycheck and/or pension.
Out of your dues and/or paycheck and/or pension.
Rocketmanjoe saysAt around 333% FPL how are they receiving a full subsidy?Lol ok, so it's far more extreme than that. This family is in one of those extremely high prices counties therefore subsidies a proportionally high. My numbers were slightly off above.If this family files adjusted gross rev at $98399 for the year, they recieve $22392 of total tax subsidies to pay for their marketplace policy. If they file for $1 more $98400, they receive nothing. If annual estimates are off by $50, that difference would land them with a tax bill of $22392 as uncle sam asks for everything back.
Other option is to live overseas and rent our house out since healthcare costs are pennies in a lot of other countries. We've wanted to travel more so this may be the perfect opportunity.
healthcare costs are pennies in a lot of other countries.
We already have plans with our accountant to reduce our annual income down to near zero for 2019 through pre tax shelters and business expenses...
Other option is to live overseas
Your accountant probably knows this but you need to at least show FPL level income. For a couple I think 2019 will be around $17k/yr. Any lower and you recieve no subsidy.
Well maybe. I lived in Panama where everyone pays in cash and it worked great. $20 doctors visits, $2 medications, etc...
No it's not pennies on a dollar unless you establish residency in almost any place you would want to use the health care
When procedures in Mexico and Central America run the cost of copays in the US, there isn't much of a need
Yeah I was friends with a few doctors in Panama. They usually come from rich families in Panama, go to med school in the US, work as residents in the US for 3 to 5 years, then go home with enough savings to live the good life while only making $70k/yr in Panama.
Bob, if we go overseas I was just not going to carry insurance. When procedures in Mexico and Central America run the cost of copays in the US, there isn't much of a need
Yeah, we're looking at Central America and parts of Asia.