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Old 02-14-2019, 10:49 AM   #21
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Originally Posted by Texas Proud View Post
I would suggest that you do not worry about that and get it all back on your tax return... then you do not have to put anything down for income..
Originally Posted by ER_Hopeful View Post
not following, can you explain what you
meant by that?
What TP means was you can pay full ACA and then get the subsidy back as a tax refund, vs. getting the reduced OOP cost, if your year end income qualifies when filing taxes.

Originally Posted by ER_Hopeful View Post
can subsidy be applied to COBRA? I'm guessing no, but figured I'd ask anyway.
No, it's not a generic health insurance rebate. Subsidies are only available to plans purchased via the ACA exchange.

Originally Posted by Spock View Post
I got 12 months of employee rate COBRA (same cost as I was paying via payroll deduction while an active employee). After 12 months, the COBRA rate went to the 102% of employer cost number. The rate change at 12 months was an ACA special enrollment qualifying event.
Thanks, yes I can see that being another event. But without that, you can't just take cobra and then say, get to July and go "eh I'll flip to ACA now".
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Old 02-14-2019, 01:38 PM   #22
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Originally Posted by ER_Hopeful View Post
not following, can you explain what you meant by that?

Arides explained, but I will try and do a bit more...

There is nothing stopping you from signing up for and ACA plan.. you can make a million dollars a year and sign up... you just pay full premiums...

The question is your ACA credit... you can get that monthly to help pay for your premiums OR you can get it all in a lump sum on your tax return...

The first couple of years I paid 100% of the premiums and got a big tax refund... then the silver plans became more affordable so I went with the plans that offer help on copays and deductible so I had to tell them my income.. but by then it was well established...

People often confuse the cost of insurance with the credit.. they are two separate numbers...
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