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View Diary: Howto - actually sign up at healthcare.gov! (19 comments)

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  •  i would need to see a link for this: (0+ / 0-)
    you will not be penalized later if you fall short.
    the IRS will be adjusting subsidies on your tax return.  if you fall short of the 138% THERE IS NO SUBSIDY!

    and you will owe a year's worth of premiums.  perhaps there is 'no penalty' as in fine, etc.  BUT you will owe a lot of money, and if you are below the 138%, it is not going to be easy to come up with.

    "Don't Bet Against Us" - President Barack Obama

    by MRA NY on Tue Oct 15, 2013 at 06:48:32 AM PDT

    [ Parent ]

    •  No! No No! (1+ / 0-)
      Recommended by:
      chantedor

      I should have made a separate diary on this as its not well understood.  You do not have to pay back subsidies if you fall below 138%.  I will try to find an authoritative link.

      •  Here is a good link! (4+ / 0-)
        Recommended by:
        chantedor, Sylv, guyeda, LibrErica

        http://www.stltoday.com/...

        You DO NOT have to pay back the subsidy!

        •  okay. so it says if you overestimate, you will (2+ / 0-)
          Recommended by:
          tle, Sylv

          not have to pay back anything.

          it also says it is a gray area between overestimating and outright lying.

          the article points out that if you provide an income amount more than 10% over what was on your last tax return, you will be asked for documentation.  eg, a pay stub

          that starving nephew of yours with no job
          is not going to have one!

          nudging up your income by $1000 or so, especially when you do have income that fluctuates, is one thing.

          telling unemployed people to lie and stretch 0 income to above poverty level is another.

          I acknowledge that you MAY be right in the one instance (the one quote stating this in that article is from an insurance company rep, not someone i would outright trust without federal verification), but I still think it is very bad advice you are giving, telling unemployed people to lie about income to get coverage - and potentially be on the hook for a year's worth of premiums.

          "Don't Bet Against Us" - President Barack Obama

          by MRA NY on Tue Oct 15, 2013 at 07:14:30 AM PDT

          [ Parent ]

          •  Point taken, I worded it inelegantly... (3+ / 0-)
            Recommended by:
            MRA NY, Sylv, LibrErica

            But that said, the starving nephew with no job, probably works part time at McDonalds and might reasonably expect to make over 11,500 in 2014.

            People get confused because while you can make up to 138% of the poverty level to get medicaid, you can get a subsidy if you make only 100% or around $11,500.

            People do what they have to do.  I'm not recommending fraud, but if I was uninsured and in a red state and made under $11,500, I don't think its too far of a stretch to plan to make more in 2014, even knowing I might possibly fall short.

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