shotgunner
Full time employment: Posting here.
- Joined
- Jun 18, 2008
- Messages
- 534
The Obamacare (ACA) subsidy calculator on the Kaiser Foundation web site has been changed. It now asks if you use Tobacco.
Using a single male, non smoker, at 57 yrs with a MAGI of $40,000 the projected cost of a Silver HI plan is $7355 with subsidy (tax credit) of $3555.
Checking yes for tobacco use increases the cost of the policy to $11,333 but the subsidy remains $3555. It more than doubles the out of pocket cost with an increase in the out of pocket cost of $3978. ($3800 vs. $7778).
This may encourage smokers to pay the penalty rather than buy the insurance.
Funny how smokers are the one group the government allows to be discriminated against.
I wonder when a BMI surcharge will kick in.
If your MAGI is low enough to qualify for expanded Medicaid you can continue smoke and receive the same insurance coverage at the same cost (none) as someone who doesn't smoke. This only applies to those folks who earn enough to qualify for a subsidy.
http://kff.org/interactive/subsidy-calculator/
Using a single male, non smoker, at 57 yrs with a MAGI of $40,000 the projected cost of a Silver HI plan is $7355 with subsidy (tax credit) of $3555.
Checking yes for tobacco use increases the cost of the policy to $11,333 but the subsidy remains $3555. It more than doubles the out of pocket cost with an increase in the out of pocket cost of $3978. ($3800 vs. $7778).
This may encourage smokers to pay the penalty rather than buy the insurance.
Funny how smokers are the one group the government allows to be discriminated against.
I wonder when a BMI surcharge will kick in.
If your MAGI is low enough to qualify for expanded Medicaid you can continue smoke and receive the same insurance coverage at the same cost (none) as someone who doesn't smoke. This only applies to those folks who earn enough to qualify for a subsidy.
http://kff.org/interactive/subsidy-calculator/
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