mickeyd
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$92K Gets You a Subsidy? Is that right?
I did the simple math and it looks like if you are making $92,000/year and have a spouse and a couple of kids, you will have your Uncle Sam paying for a chunk of your ACA premium.
$92,000 / 23550= 390% ~ This family of 4 with an income of $92,000 will qualify for ACA government subsidy.
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I did the simple math and it looks like if you are making $92,000/year and have a spouse and a couple of kids, you will have your Uncle Sam paying for a chunk of your ACA premium.
$92,000 / 23550= 390% ~ This family of 4 with an income of $92,000 will qualify for ACA government subsidy.
<H2>I read that starting in 2014 tax credits will be available to help make health insurance affordable families with income between 100 and 400 percent of the poverty line. What does this mean?
http://www.healthedeals.com/articles/your-guide-to-the-federal-poverty-levelFirst of all, the credits will only apply to only to those who are not eligible for other affordable coverage.
The poverty line joins the ranks of poverty level as yet another casual reference to the federal poverty guidelines. To calculate your percentage of poverty, divide your income by the poverty guideline for your household size. Carry the decimal two places in your result; add a percentage sign, and you have your answer. Again, you can click here for the 2013 poverty guidelines.
Income ÷ poverty guideline for household size = percentage of poverty guideline
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