information on aca plans

frank

Thinks s/he gets paid by the post
Joined
Jan 12, 2010
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I just recieved my notice of premium increase for 2016 and it increased by 20 percent. I am thinking of looking at the aca as we are on a grandfathered plan right now. the questions I have are.

what line on the 1040 is used to figure the income for the year?
what do you add and deduct to come up with the amount applicable to the aca guidelines?

I am on an hsa plan right now and If I change to an aca plan, what happens to the money built up in the hsa?

is there a site to find the answers to these questions?
 
Line 37 of Form 1040 and then add back tax-exempt interest, and non-taxable SS.

See http://laborcenter.berkeley.edu/pdf/2013/MAGI_summary13.pdf

You keep your HSA.. in fact some ACA bronze plans are HSA compatible and if you end up with one of those you can continue to contribute to your HSA if you want to.

There is a site to answer your questions: early-retirement.org :D

or Private Insurance | The Henry J. Kaiser Family Foundation and healthcare.gov or your state website. healthsherpa is a good place to start.
 
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