Alan S. wrote:Read this article and the links within it for some useful information. In the end, until all the necessary system coordination is proven effective, I would rather get a larger subsidy and owe the IRS then wonder how and if I will ever get additional credit if my MAGI comes in lower than projected and your premium subsidy should have been larger.
http://www.kitces.com/blog/understandin ... obamacare/
calwatch wrote:Not necessarily - a "free" bronze plan may be better if all you need is catastrophic coverage. It's all about choice. So, for instance, a 60 year old in a two person household, with a MAGI of $30,000, in LA County can get a Blue Cross bronze plan for $48 a month, or a silver 87 plan for $155 a month. That $107 could make a difference. Remember that preventative care is free and you can see a doctor three times with bronze for $60. Yes, if you get into an accident and max out your benefits, the "payback period" for bronze vs. silver 87 is 39 months. Only you know your health conditions and your family's health history, and how $100+ a month might impact your budget. The good news is that you can switch from bronze to silver during open enrollments, with no pre-existing condition penalty. Of course, if they discovered that diabetes in February, paying all those costs could be painful.
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