Menu

Home › Forums › Other › OT: Obamacare… Don’t say we didn’t warn you… › no_such_reality wrote: Not

September 10, 2013 at 4:43 PM #765371
SK in CV
Participant

[quote=no_such_reality]
Not really, at 299% of FPL, you get a $986/month Tax credit, at 399%, you get $863/month credit, at 400% FPL, you get $0.

IOW, two 64 year olds making $62,039/year get a $863/month credit where as those same two at $62,040/yr, get $0/month credit.

The benefits taper much better in the 100% to 200% FPL range, but a quick cliff shows up at the higher ages for 400% and it’s a $5000-$7000/year difference.

The curve is basically designed so that 10% of your income is health care premiums and then hits a cliff at 400% FPL, where it can jump to 26% for a $1 income difference.[/quote]

There is that “drop off a cliff” thing at the 400% of FPL. They screwed up when they attempted to integrate it with the maximum % of income. It’s tapered below that level.