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Old 03-29-2015, 03:23 PM   #41
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This stuff scares me, because I can see it coming...I'll have a big claim in April and they'll say I'm not covered because the subsidy part was not actually paid. This is why I'm just paying the full amount from here on and getting it back at tax time. I want to know for sure that things are paid.

I will be taking this approach too.

And I predict healthcare subsidy advances will go by the wayside within the next few years. I can see a time where any subsidy will first be asset means tested vs income means tested (as is done for many other subsidies/benefits) and will be paid out one year in arrears or some different approach vs the mess that exists today. Something is gonna have to give.
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Old 03-29-2015, 10:14 PM   #42
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I will be taking this approach too.

And I predict healthcare subsidy advances will go by the wayside within the next few years. I can see a time where any subsidy will first be asset means tested vs income means tested (as is done for many other subsidies/benefits) and will be paid out one year in arrears or some different approach vs the mess that exists today. Something is gonna have to give.
Actually there are not many other benefits that are asset tested. Most are income tested.

Asset testing is not as easy to do as income testing.
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Old 03-29-2015, 11:22 PM   #43
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ACA subsidy revoked, then reinstated

Agree asset testing is harder to do but many programs do have asset testing. Some even have look back rules -- in fact many state and federal benefits are means tested based on assets not income - for example - Medicaid, SNAP (food stamps), section 8 housing, federal Education financial aid , all are asset/means tested not just income tested. It's strange that ACA is income tested only. I predict politicos will get wise to the "millionaires who are getting subsidies" and end that - these subsidies/ discounts as they exist won't last long.
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Old 03-30-2015, 08:45 AM   #44
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While one should never underestimate Politicians (and their utter lack of common sense), the cost of implementing, and maintaining, the infrastructure to administer an asset test for ACA would cost far more than the savings resulting from "weeding" out of low income, high asset individuals receiving subsidies.
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Old 03-30-2015, 08:46 AM   #45
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Agree asset testing is harder to do but many programs do have asset testing. Some even have look back rules -- in fact many state and federal benefits are means tested based on assets not income - for example - Medicaid, SNAP (food stamps), section 8 housing, federal Education financial aid , all are asset/means tested not just income tested. It's strange that ACA is income tested only. I predict politicos will get wise to the "millionaires who are getting subsidies" and end that - these subsidies/ discounts as they exist won't last long.
Define long. Historically it takes decades for these programs to change significantly. We may see some asset testing in 2030 or thereabouts.
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Old 03-30-2015, 10:21 AM   #46
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I doubt we will see substantial changes to the ACA. [mod edit]
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Old 03-30-2015, 01:52 PM   #47
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Thanks for an interesting discussion.
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