EastWest Gal
Thinks s/he gets paid by the post
Question: For those who use the state exchange in their state, is the income cutoff for a subsidy cutoff different than the federal cutoff? The federal cutoff in the lower 48 states is currently $67640.
Pennsylvania is launching its own state exchange on January 1st, with open enrollment beginning on November 1st. It has a website, Pennie.com, but not much information yet. One piece of information that is intriguing and leads to my question:
The website states that insurance will be subsidized for incomes less than ~$51K for singles and ~105K for couples, which is much different than the federal ACA cutoffs. I'm thinking that this might be a more intelligent version of the ACA, with a more graded level of subsidy. Currently, if our income is one dollar over the cliff, we pay full amount. If it is one dollar under, we save $1730/month.
The difference is remarkable and I'm curious what others' experiences have been.
Pennsylvania is launching its own state exchange on January 1st, with open enrollment beginning on November 1st. It has a website, Pennie.com, but not much information yet. One piece of information that is intriguing and leads to my question:
The website states that insurance will be subsidized for incomes less than ~$51K for singles and ~105K for couples, which is much different than the federal ACA cutoffs. I'm thinking that this might be a more intelligent version of the ACA, with a more graded level of subsidy. Currently, if our income is one dollar over the cliff, we pay full amount. If it is one dollar under, we save $1730/month.
The difference is remarkable and I'm curious what others' experiences have been.