4 ms·

> You need to look into federal subsidies. You can get them either through the relevant (federal|state) marketplace or as refunds on your federal tax bill. Won

> You need to look into federal subsidies. You can get them either through the relevant (federal|state) marketplace or as refunds on your federal tax bill. Wondering why I'm just now hearing of this -- can you recall any focused search terms, or web links?

HWR_14 4y ago
They should automatically get applied on the healthcare.gov site or your states local version. They only apply to the silver level plans, which is why the GGP post talking only about bronze and gold plans quoted such high numbers. Those plans completely skip the subsidies. That's why the websites ask you your income levels. It also affects your max out of pocket expenses for the year (total limit of deductibles and copays before insurance has to cover it all)
- PaulDavisThe1st 4y ago
  >They only apply to the silver level plans, This is false. They are computed from a given state's 2nd-most expensive silver plan, but they apply to all plans. I am on a gold plan and receive them; last year I was on bronze and received them. The subsidies have no impact on deductibles or OOP - that is determined by the insurance plan itself.
  - HWR_14 4y ago
    I looked it up, and we are both correct. There is a premium subsidy based on the silver plan but that applies to any plan and a deductibles/OOP pocket subsidy that only applies to the silver plan. They have different qualification levels. It seems the deductibles level has a pretty low income cutoff, and the premium subsidy has changed a lot over COVID (to the point where the income limit was removed, at least temporarily).
PaulDavisThe1st 4y ago
IRS Form 8962 Premium tax credit The Republicans are generally opposed to these, and they are not permanent. I would note that I am also opposed to them in principle - I do not like a system that allows insurance companies to continue to overcharge and under-provide by limiting what consumers actually pay (the rest being paid by the government). However, in 2023, this seems to be the best the USA can come up with.

HWR_14 4y ago

They should automatically get applied on the healthcare.gov site or your states local version. They only apply to the silver level plans, which is why the GGP post talking only about bronze and gold plans quoted such high numbers. Those plans completely skip the subsidies. That's why the websites ask you your income levels. It also affects your max out of pocket expenses for the year (total limit of deductibles and copays before insurance has to cover it all)

PaulDavisThe1st 4y ago
>They only apply to the silver level plans, This is false. They are computed from a given state's 2nd-most expensive silver plan, but they apply to all plans. I am on a gold plan and receive them; last year I was on bronze and received them. The subsidies have no impact on deductibles or OOP - that is determined by the insurance plan itself.
- HWR_14 4y ago
  I looked it up, and we are both correct. There is a premium subsidy based on the silver plan but that applies to any plan and a deductibles/OOP pocket subsidy that only applies to the silver plan. They have different qualification levels. It seems the deductibles level has a pretty low income cutoff, and the premium subsidy has changed a lot over COVID (to the point where the income limit was removed, at least temporarily).

PaulDavisThe1st 4y ago

IRS Form 8962 Premium tax credit The Republicans are generally opposed to these, and they are not permanent. I would note that I am also opposed to them in principle - I do not like a system that allows insurance companies to continue to overcharge and under-provide by limiting what consumers actually pay (the rest being paid by the government). However, in 2023, this seems to be the best the USA can come up with.