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Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government

 
Anonymous Coward
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03/31/2015 03:52 PM
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Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
Half of all households that received subsidies and Obamacare tax credits to help pay for health care in 2014 will have to give some of that money back to the government, according to a new report from the Kaiser Family Foundation.

On average, the amount of money each household will owe back to the federal government is $794. Between 4.5 million and 7.5 million households received Obamacare tax credits in 2014.

CNBC says this instead (see link below): That group of people will have an average repayment of between $2,306 and $3,837—and some could owe much more. Unlike people who earn below 400 percent of the federal poverty line, higher earners have no limit on the subsidies they must pay back if they were not entitled to them.

[link to www.cnbc.com]

[link to freethefuture.org (secure)]

Study: Half Of Households Getting Subsidies May Have To Repay IRS:
[link to kaiserhealthnews.org]

[link to thehill.com]
Anonymous Coward (OP)
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03/31/2015 03:58 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
Here's a New York Times source.

"Many Will Need to Repay Health Subsidies"
[link to www.nytimes.com]
Anonymous Coward
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03/31/2015 04:42 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
No surprize there if you kept up with this bamboozle from the start. Wait for the surprized looks when the feds go after savings accounts, stock/ bond holdings and annuities of the poor slobs who got subsidies or if your earnings get higher than the year before. The fine was waaaaay cheaper.
Anonymous Coward (OP)
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03/31/2015 05:28 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
No surprize there if you kept up with this bamboozle from the start. Wait for the surprized looks when the feds go after savings accounts, stock/ bond holdings and annuities of the poor slobs who got subsidies or if your earnings get higher than the year before. The fine was waaaaay cheaper.
 Quoting: Anonymous Coward 68776977


clappa
Anonymous Coward
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03/31/2015 05:29 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
that is so awesome... serves them right
Anonymous Coward
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03/31/2015 05:30 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
obama9
Anonymous Coward
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03/31/2015 05:32 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
:whitey:
Anonymous Coward
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03/31/2015 05:48 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
obamacare saved me last year when i lost my job and this year i have a credit for a good policy. the subsidy is based on my income at the time I applied. if my income goes up i should accept less subsidy. it is explained when you go on the marketplace site. It is up to me to keep track of what is going on. without this subsidy i would still be on medicaid and medicaid kept me alive but i needed real insurance. the facts will set you free.
Anonymous Coward
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11/12/2015 02:46 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
obamacare saved me last year when i lost my job and this year i have a credit for a good policy. the subsidy is based on my income at the time I applied. if my income goes up i should accept less subsidy. it is explained when you go on the marketplace site. It is up to me to keep track of what is going on. without this subsidy i would still be on medicaid and medicaid kept me alive but i needed real insurance. the facts will set you free.
 Quoting: Anonymous Coward 68760048


My income has gone down but my premiums will double next year
EXCEPT
If I make less than $47,000, then the govt will pay part of the premiums if I sign up for BC/BS thru Obamacare.

So instead of paying $604 per month, my premiums would be $122.33 since the govt would subsidize 482.37
IF my projected income will be $30,000. Since my income will fluctuate, I will need to keep an eye on it and let them know so they can adjust.

I was considering just paying the fine, but if I needed surgery, the deductible is $5,500 and then I would have to pay another $1000, but ANYTHING over that is payed for.

So if I had hospital bills of 100,000 or even a million dollars, I would only have to pay for $6,500.




Just something to think about until Dec 7 (or whenever the deadline is)
Anonymous Coward
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11/12/2015 02:49 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
LOL the Obama fuck that just keeps on giving..
Anonymous Coward
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11/12/2015 03:02 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
Actually, it depends on your income.

You must make less than $47,000

and if your income goes down during the year, your subsidies (the part the govt pays) will increase, reducing the monthly payment (from you).
If your income goes up and you fail to call them, that is when you will owe them more money (once they find out).
Morpheme

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11/12/2015 03:04 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
Fizzgoes to 11
The universe is basically an animal. It grazes on the ordinary. It creates infinite idiots just to eat them.

The Rickest Rick Sanchez comments are meant for entertainment purposes only and should not be construed to reflect the feelings and opinions, implied or expressed, of the author.
Anonymous Coward
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11/12/2015 03:06 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
watch this become the new student loan scam
Anonymous Coward
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11/12/2015 03:11 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
Looks like my nonparticipation was the wise move.
Anonymous Coward
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11/12/2015 03:18 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
obamacare saved me last year when i lost my job and this year i have a credit for a good policy. the subsidy is based on my income at the time I applied. if my income goes up i should accept less subsidy. it is explained when you go on the marketplace site. It is up to me to keep track of what is going on. without this subsidy i would still be on medicaid and medicaid kept me alive but i needed real insurance. the facts will set you free.
 Quoting: Anonymous Coward 68760048


Health insurance should never be based on income. No more than the price or milk and eggs are. It doesn't matter how much you make. Milk and eggs are the same price for everyone with subtle differences depending on where you live. Obamacare just punishes people when they make more money by taking more money from them for insurance. It is a horrible concept.
Anonymous Coward
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Canada
11/12/2015 03:22 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
Looks like my nonparticipation was the wise move.
 Quoting: Anonymous Coward 66866869

That's almost always the wise move.
Anonymous Coward
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11/12/2015 03:27 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
They will never see a dime from these deadbeats
Esoterica

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11/12/2015 03:30 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
obamacare saved me last year when i lost my job and this year i have a credit for a good policy. the subsidy is based on my income at the time I applied. if my income goes up i should accept less subsidy. it is explained when you go on the marketplace site. It is up to me to keep track of what is going on. without this subsidy i would still be on medicaid and medicaid kept me alive but i needed real insurance. the facts will set you free.
 Quoting: Anonymous Coward 68760048


I'm happy for you. The ACA caused me to lose my existing insurance and over doubled the price of any ins plan so now I am uninsured.
"The more you know, the crazier you look"
Anonymous Coward
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11/12/2015 03:36 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
obamacare saved me last year when i lost my job and this year i have a credit for a good policy. the subsidy is based on my income at the time I applied. if my income goes up i should accept less subsidy. it is explained when you go on the marketplace site. It is up to me to keep track of what is going on. without this subsidy i would still be on medicaid and medicaid kept me alive but i needed real insurance. the facts will set you free.
 Quoting: Anonymous Coward 68760048


I'm happy for you. The ACA caused me to lose my existing insurance and over doubled the price of any ins plan so now I am uninsured.
 Quoting: Esoterica


Can you elaborate on how you lost your existing insurance?

My BCBS premiums will double next year, but the subsidies from ACA will bring the premiums down to less than half of what I was paying - mostly because my income has gone down.
(At least that is what I am told)

So do you now pay a fine at tax time?
Anonymous Coward
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11/12/2015 03:38 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
obamacare saved me last year when i lost my job and this year i have a credit for a good policy. the subsidy is based on my income at the time I applied. if my income goes up i should accept less subsidy. it is explained when you go on the marketplace site. It is up to me to keep track of what is going on. without this subsidy i would still be on medicaid and medicaid kept me alive but i needed real insurance. the facts will set you free.
 Quoting: Anonymous Coward 68760048


I'm happy for you. The ACA caused me to lose my existing insurance and over doubled the price of any ins plan so now I am uninsured.
 Quoting: Esoterica


That's because you and I paid for the AC above:(
Anonymous Coward
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11/12/2015 03:39 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
Looks like my nonparticipation was the wise move.
 Quoting: Anonymous Coward 66866869

That's almost always the wise move.
 Quoting: Anonymous Coward 69559959


until you fall off the roof

get run off the road

or something that requires you to be "doctored"
Anonymous Coward
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11/12/2015 03:40 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
obamacare saved me last year when i lost my job and this year i have a credit for a good policy. the subsidy is based on my income at the time I applied. if my income goes up i should accept less subsidy. it is explained when you go on the marketplace site. It is up to me to keep track of what is going on. without this subsidy i would still be on medicaid and medicaid kept me alive but i needed real insurance. the facts will set you free.
 Quoting: Anonymous Coward 68760048


I'm happy for you. The ACA caused me to lose my existing insurance and over doubled the price of any ins plan so now I am uninsured.
 Quoting: Esoterica


That's because you and I paid for the AC above:(
 Quoting: Anonymous Coward 70447160


Exactly,

I prefer to get the govt OUT OF IT COMPLETELY
and each person just pay as they need it...
Anonymous Coward
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United Kingdom
11/12/2015 03:40 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
watch this become the new student loan scam
 Quoting: Anonymous Coward 66731153


That's what it reminded me of too.

Bait & Switch.
Anonymous Coward
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Panama
11/12/2015 03:46 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
You see liberals free isn't really free
Anonymous Coward
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11/12/2015 03:49 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
They will never see a dime from these deadbeats
 Quoting: Anonymous Coward 61629722


Ah, but anyone who signed up for obamacare had to provide their bank account info. Now you know why....
Anonymous Coward
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11/12/2015 03:58 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
The stupid thing should be scrapped. Every American gets a basic free heath plan- NO PREMIUMS. For those who want extras, they can pay for them. This sending it thru the IRS to collect the money is also wrong! A few years ago we had less costs for health care- this is a big scam and it should be dismantled.
I just reset my plan as all the costs are increasing for 2016. Get extra money at work and you have to pay more money; man that is so irritating, they follow people all year long and snoop on us. This is so wrong and its very unfair
BiblioPhile

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11/12/2015 03:59 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
Looks like my nonparticipation was the wise move.
 Quoting: Anonymous Coward 66866869

That's almost always the wise move.
 Quoting: Anonymous Coward 69559959


until you fall off the roof

get run off the road

or something that requires you to be "doctored"
 Quoting: Anonymous Coward 8316636

My doctor asked me a couple of weeks ago what my medical plan was on the off chance I got a tumor somewhere.

I told him my medical plan was, "it damn well better not grow."

The insurance premiums are so astronomically high that our family would have to choose between the insurance and paying rent.

However, once the premium is paid, we still have to come out of pocket $6000 before the insurance would cover said tumor.

Problem is, once the premium is paid, the pockets are empty.

So - the medical plan for the adults in my family is just to try to treat ourselves if we get sick. If the kids get sick, then we have to go into debt to get them treated if we had to.

For some people, I guess the ACA works. But for all the working families I know, it is simply devastating.

There is no such thing as real insurance any more.
"Be wary of mathematiciens, particularly when they speak the truth." - Augustine
Anonymous Coward
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11/12/2015 04:04 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
Ted cruz wants to repeal this nasty commie obummer uncare crap and get rid of the IRS thrugs

he has my vote
Anonymous Coward
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11/12/2015 04:05 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
obamacare saved me last year when i lost my job and this year i have a credit for a good policy. the subsidy is based on my income at the time I applied. if my income goes up i should accept less subsidy. it is explained when you go on the marketplace site. It is up to me to keep track of what is going on. without this subsidy i would still be on medicaid and medicaid kept me alive but i needed real insurance. the facts will set you free.
 Quoting: Anonymous Coward 68760048


I'm happy for you. The ACA caused me to lose my existing insurance and over doubled the price of any ins plan so now I am uninsured.
 Quoting: Esoterica


Can you elaborate on how you lost your existing insurance?

My BCBS premiums will double next year, but the subsidies from ACA will bring the premiums down to less than half of what I was paying - mostly because my income has gone down.
(At least that is what I am told)

So do you now pay a fine at tax time?
 Quoting: Anonymous Coward 8316636


Keep thinking your making out. When you run out of other peoples money you won't be insured. We are almost there. The 5 largest exchanges tanked this year. Do you really need to be a weatherman to know which way the wind blows?
Anonymous Coward
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11/12/2015 04:06 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
Fucking socialize it already tired of this bullshit.

Every fucking year corporations just pass off another 1% of the costs to us anyway.

Yes assholes the butt hurt is flowing through me.
Anonymous Coward
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United States
11/12/2015 04:06 PM
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Re: Half of the People Who Received Obamacare Subsidies Will Have to Repay That Money to the Government
Looks like my nonparticipation was the wise move.
 Quoting: Anonymous Coward 66866869

That's almost always the wise move.
 Quoting: Anonymous Coward 69559959


until you fall off the roof

get run off the road

or something that requires you to be "doctored"
 Quoting: Anonymous Coward 8316636

My doctor asked me a couple of weeks ago what my medical plan was on the off chance I got a tumor somewhere.

I told him my medical plan was, "it damn well better not grow."

The insurance premiums are so astronomically high that our family would have to choose between the insurance and paying rent.

However, once the premium is paid, we still have to come out of pocket $6000 before the insurance would cover said tumor.

Problem is, once the premium is paid, the pockets are empty.

So - the medical plan for the adults in my family is just to try to treat ourselves if we get sick. If the kids get sick, then we have to go into debt to get them treated if we had to.

For some people, I guess the ACA works. But for all the working families I know, it is simply devastating.

There is no such thing as real insurance any more.
 Quoting: BiblioPhile


But didn't you get that $2500 check from obama he was babbling about the other year?





GLP