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View Diary: Obamacare 'rate shock' myth debunked (93 comments)

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  •  Wow. (2+ / 0-)
    Recommended by:
    True North, Sherri in TX

    If that $45k limit is for real, I have a decision to make.  My income is largely from withdrawing from an IRA.  Do I want to keep my total income below $45K?  Probably.

    I am become Man, the destroyer of worlds

    by tle on Thu Sep 05, 2013 at 03:20:42 PM PDT

    [ Parent ]

    •  Oh, I forgot to answer. (1+ / 0-)
      Recommended by:
      True North

      I don't think incomes were referenced, but since I took the article with an ocean of salt, it doesn't really matter.  I'll see the costs in a few weeks.

      I am become Man, the destroyer of worlds

      by tle on Thu Sep 05, 2013 at 03:26:32 PM PDT

      [ Parent ]

      •  Good decision (2+ / 0-)
        Recommended by:
        Cardinal Fang, tle

        The ocean of salt is very useful.

        With Obamacare, it is a mistake for the media to provide a single number as the "average cost," since there is such a difference between the cost with or without a subsidy.

        That $615 will look completely unaffordable to people who are going to get the largest subsidies, but not cause much angst for high-income people who are probably paying more than that now. Some readers will feel totally depressed when they read that number. Hopefully, they'll go ahead and check it out on October 1, anyway, and find out what the situation is for them.

    •  Staying below $45,000-ish is a good idea (0+ / 0-)

      It is really 400% of federal poverty guidelines, not $45,000. You might want to find out what the guideline is for your state. A few have higher guideline numbers.

      And, of course, the $45,000 only applies for a single person. For a family of four, it is more like $94,000.

      As I mentioned, the other thing that popped up when I played around with with the Kaiser calculator was the importance of that 9.5% of income limitation that applies up to 400% of of the guideline. As soon as I went past that, the real percentage of premiums to income came up in the system, and it was something like 16%.

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