Comment: A single Obamacare mom with kids, getting a large subsidy, can easily lose that subsidy…by getting married. Question 1: Will single moms still want to get married? Question 2: With such a high cost, will single men still want to marry them?
“No one getting a subsidy ever pays more than 9.5 percent of their income in premiums.”
“But if a household earns as little as one dollar over 400 percent of FPL, the household no longer qualifies for a subsidy, and there is no longer a cap on the percentage of income they can be forced to pay for health insurance.”
[...] “then Lucille falls in love with 56-year-old Bill. They decide to marry.” [...]
“Under Obamacare, as unmarried people, Lucinda and Bill pay combined health insurance premiums of $10,008 per year and receive total subsidies of $8,172 per year.”
“After their wedding, [...] as a married couple, they look into buying a Silver family plan on the state exchange. The calculator says their new annual premiums will be $18,181 — and [...] they must pay every penny of the $18,181 out of their own pockets.”
“As a penalty for marrying, Bill and Lucille have lost Lucille’s $8,172 subsidy and must pay $8,173 more in annual health insurance premiums than the combined $10,008 they paid before they were married. Their federally mandated health insurance plan costs 16.5 percent of their family income.”
Single mom pays $8,173 Obamacare penalty — for a marriage license
Terence P. Jeffrey | August 15, 2013
http://rare.us/story/jeffrey-single-mom-pays-8173-obamacare-penalty-for-a-marriage-license/#sthash.sNjeNQaC.dpuf