Tag Archives: subsidies

Affordable Care Act: after retirement, when to go to the exchange

I am a 63 year old female and live in Indiana.  If my husband retires from employment on August 1,2014 and employer health Insurance is given for 18 weeks, when will I be able to apply to the marketplace for insurance for coverage?  Would I apply for December 1,2014 for myself only? He has VA […]

Obamacare: domestic partner can go to exchange, but no subsidies

  I’m 51, live in Nevada, and am currently covered through my partners insurance under the domestic partner benefits. The cost for covering me is very expensive. Since we are not married am I still able to secure Obamacare for myself even if I am able to receive domestic partner benefits through my partner? I […]

Obamacare: subsidies offered under 400% of Federal Poverty

In order to qualify for any subsidies, what is the maximum adjustable income amount for 64 year old divorced woman? Indiana Gal Dear Indiana Gal, You would qualify for subsidies from the exchange if your Modified Adjusted Gross Income is less than 400% of Federal Poverty.  For a household of one person, that would be […]

Obamacare: taking COBRA or an exchange plan

If I get sick and can no longer work, can I get COBRA? Queasy Dear Queasy, During your sick leave, you will generally still be considered an employee.  The length of time that you will remain an employee varies by your employer’s own policy.  Therefore, COBRA would not be offered.  Once you are terminated, then […]

Affordable Care Act: best plan depends on age, income, health

What is the best insurance option for someone who is self-employed and lives in Indiana? Salesman Dear Salesman, The best plan depends upon your age, your income, and your routine use of medical services.  First your age: if you are under age 30, you can choose a less expensive Catastrophic Plan.  This works well if […]

Affordable Care Act: How will IRS find out I was uninsured?

I’m a struggling art student, and barely noticed the whole hullabaloo over Obamacare earlier this year.  I’m too late to get a plan now and I doubt I could have afforded it anyway.  How will the IRS ever know that I had no insurance? Creative Spirit Dear Creative Spirit, You ask a very good question, […]