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Calculating MAGI for Obamacare for married couple where...
Old 10-17-2016, 08:01 PM   #1
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Calculating MAGI for Obamacare for married couple where...

... one person is Medicare eligible. Does entire MAGI get assigned to single filing person? Not currently relevant but will be in the future. Curious how handled...
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Old 10-18-2016, 11:01 AM   #2
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Yes. The total household income is counted for MAGI. Then the subsidy is calculated on just one person needing insurance on that joint income.
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Old 10-18-2016, 11:45 AM   #3
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My health insurance broker told me there was an adjustment if one of us was
on Medicare but I haven't found the details for that as yet.
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Old 10-18-2016, 12:30 PM   #4
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My health insurance broker told me there was an adjustment if one of us was
on Medicare but I haven't found the details for that as yet.
I've been in the situation for 3 years. I know nothing about an adjustment. If you find details please post.
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Old 10-18-2016, 03:43 PM   #5
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I wish people would refer to the program for what it is: ACA......
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Old 10-18-2016, 04:00 PM   #6
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Yeah.... good luck with that.
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Old 10-18-2016, 04:25 PM   #7
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Typing out "The Patient Protection and Affordable Care Act" is time consuming. If you use PPACA, most don't get it. I figured "ACA" was mainly used by opponents of the law because of the first term in that acronym....
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Old 10-18-2016, 04:27 PM   #8
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Got this from my insurance broker on getting a subsidy with one on Medicare...
Doesn't sound like its really reduced just only one can get the subsidy.
Sorry for the confusion.
The amount of subsidy the household is eligible for is reduced if one of the two of you have Medicare because Medicare beneficiaries are not eligible for subsidies on health premiums. The amount of income they use to qualify the household is not different....they still use the estimated income for the entire household.
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Old 10-18-2016, 05:07 PM   #9
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Quote:
Originally Posted by ShokWaveRider View Post
I wish people would refer to the program for what it is: ACA......
When talking to people I usually refer to it as ACA - then when I get a blank look I say "the affordable care act... you know... Obamacare".

I figure if President Obama has started referring to it as Obamacare - then it's ok.

For those of us who don't qualify for employer provided, or retiree benefit, insurance... Whatever you call it - it's a good option to have.
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Old 10-18-2016, 05:24 PM   #10
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Subsidy calculator: Health Insurance Marketplace Calculator | The Henry J. Kaiser Family Foundation

Quote:
When using the Health Insurance Marketplace Calculator, if some members of your household are eligible for Medicare and others are not, you should enter your full household size (including those who are eligible for Medicare) in Question #5. For the following question (#6), please enter only those family members who are signing up for Marketplace coverage (do not enter adults who are eligible for Medicare in Question #6).
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Old 10-18-2016, 05:25 PM   #11
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Quote:
Originally Posted by homestead View Post
Got this from my insurance broker on getting a subsidy with one on Medicare...
Doesn't sound like its really reduced just only one can get the subsidy.
Sorry for the confusion.
The amount of subsidy the household is eligible for is reduced if one of the two of you have Medicare because Medicare beneficiaries are not eligible for subsidies on health premiums. The amount of income they use to qualify the household is not different....they still use the estimated income for the entire household.
Thank you. Actually it makes sense, I've recently thought we might be better without Medicare but it was a passing thought.
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Old 10-26-2016, 07:30 AM   #12
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When I signed up for Medicare in September my wife's insurance rates went from $152 up to $351 per month.
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Old 10-26-2016, 01:39 PM   #13
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My wife and I were paying $190.00 per month for the 2 of us, until she went on medicare. Now, I pay around $350.00 per month for just me. I still have a $5,000 deductible.
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