ivinsfan
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 19, 2007
- Messages
- 9,969
If you receive a subsidy, your portion of the SLCSP premium is capped a percentage of MAGI. Once you hit the cap, premium increases due to age or inflation are absorbed through increased subsidies. The increased subsidy is then applied to the plan you chose keeping your part of the premium in check.
My comments about the rising rates refers to the private pay situation, when you are not in a group plan or on ACA you are subjected to paying the current premium rates in MN last year the raise in price was around 40%.
This points out the value of qualifying for even a small ACA subsidy and not going private pay unless you have to. Ergo my advice to the OP to collect some after-tax money to lower his income threshold for ACA. But intstead it looks like he decide to raise his income.