Affordable Care Act

[Christian]

Like all of you I have been watching the rollout of Obamacare. In Virginia we did not elect to set up a state exchange. This kept an expansion of Medicaid in our state from occurring.

This being so is it y'all's understanding that low income folks then qualify for credits on the purchase of insurance on the federal exchange?

[Lee B]

As I understand it, in those states which choose not to expand Medicaid, there will be a gap between that MAGI

that allows you to qualify for Medicaid and the MAGI that allows you to qualify for health insurance thorough

the ACA exchange. If your MAGI falls in this gap, then your only option would be a standard individual health

insurance policy with no credits. There have been some articles written about this gap, if you want to google.

[Mr. Pencil]

low income folks then qualify for credits on the purchase of insurance on the federal exchange?

Income below 100% of poverty line does not qualify for a subsidy. I expect this to be addressed next year, along with workers who can't afford qualifying employer plans. It was not the intention of the law and isn't in any politician's interest.

[Jack from Ohio]

Income below 100% of poverty line does not qualify for a subsidy. I expect this to be addressed next year, along with workers who can't afford qualifying employer plans. It was not the intention of the law and isn't in any politician's interest.

Another "woops?" Maybe it should have been read by all the Senators that back-doored it into law BEFORE passing it?

[Mr. Pencil]

Another "woops?"

No, Jack. It was the result of later action in court. The original post was a perfectly good tax planning question. Please don't turn it into a political rant..

[joanmcq]

States weren't supposed to reject the expansion of Medicare. States that did, like Ohio, can now expand Medicare, as Ohio decided to, or the really poor folks can take it out on the ballot box. No 'whoops'. The truly poor should be able to get Medicare.

[Guest Taxed]

Once taxpayers see their neighbors in states that expanded medicaid get coverage there will be enough political pressure in those states to expand as well. Ohio is just the tip of the iceberg.

[mrichman333]

Like all of you I have been watching the rollout of Obamacare. In Virginia we did not elect to set up a state exchange. This kept an expansion of Medicaid in our state from occurring.

This being so is it y'all's understanding that low income folks then qualify for credits on the purchase of insurance on the federal exchange?

Here is a link to the explanation on healthcare.gov

https://www.healthcare.gov/what-if-my-state-is-not-expanding-medicaid/#state=new-jersey

[JohnH]

Once taxpayers see their neighbors in states that expanded medicaid get coverage there will be enough political pressure in those states to expand as well. Ohio is just the tip of the iceberg.

Or they will move to the states where their neighbors are getting more from the government.

After all, that's how things are supposed to work in a Federal System.

[Guest Taxed]

Or they will move to the states where their neighbors are getting more from the government.

After all, that's how things are supposed to work in a Federal System.

Some will try. I had a client from CT who moved to MA just for our insurance.