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That’s unfortunate for NJ, the $900 person just turned 60 last Friday and the couple paying $800 are 63 and 64. My brother in law is a low income 1099 earner a
by wil421 7y ago
That’s unfortunate for NJ, the $900 person just turned 60 last Friday and the couple paying $800 are 63 and 64.
My brother in law is a low income 1099 earner and gets a special insurance for his kid that’s about $30, called PeachCare and it maxes out at $70 for 2 kids. Depending on income it’s $10-$35 dollar max per child.
- lotsofpulp 7y ago$900 per month is $10,800 per year for 1 person, which is $21,600 per year for a couple, and I wrote $25,000. My point is that there are significant healthcare costs, well into the tens of thousands of dollars, in one's 50s and 60s, and the data supports it. I don't know what the situation is if you earn $50k from investments every year, as I'm not familiar with the subsidy rules, but it would seem strange to me if the US government offered subsidies to someone drawing investment income from $3M. Edit: It seems that you can get subsidies even if you are deriving your income from investments, so I guess you are correct that someone earning $50k doesn't pay the full premium price. https://www.irs.gov/affordable-care-act/individuals-and-families/questions-and-answers-on-the-premium-tax-credit#computing https://www.irs.gov/affordable-care-act/individuals-and-fami...
- wil421 7y agoNo one making $50k self employed is paying 25k in insurance premiums period. The people I quoted are probably making between $150-200k a year.