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Are there any other LBYMs who are worried about falling through the cracks in the healthcare reform legislation?
In the Senate Finance bill, which is coming up for a vote, anyone under 133% of poverty is excluded from the subsidy and forced to go on medicaid which likely will have to change its resource limits to accept people with assets.
Under HR 3200, if you have income less than 133% FPL you are assumed for subsidy purposes to be at 133% FPL.
We were not interested in taking the subsidy as we were satisfied with our high deductible policy for which we pay roughly 3k/yr in premiums. Based on the Kaiser Family Foundation calculator (kff.org) the cheapest “exchange” plan is going to cost us 10k/yr which would become 50% of our annual expenditures. We will not qualify for the subsidy if the Senate Finance bill passes. If we have to choose, we would much prefer to choose the subsidy over Medicaid.
We do not want to go on Medicaid which we’d have to do under the Senate Finance bill because we choose this LBYM ER lifestyle consciously. We have some assets but not enough to cover an additional 7k/yr for the next 20 years. We consider ourselves middle class even though we have no taxable income.
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