I would like to see a video explaining penalties. Me and my wife look at plan on healthcare.gov at 42500 in income but once I put in 45000 plan no longer shows up. Does this mean I would have to pay back all the tax subsidies or just a portion if we go over 42500????
You would pay back the portion you was supposed to pay. Its best to up your salary if you don't want to worry about paying it back when you do your taxes. If you feel you may make a little more go with that income.
You have been doing a phenomenal job explaining this complicated medical insurance stuff. Thanks!
Thank you so much! So happy I can help!
Thank You for your outstanding and clear explanations of the insurance terms. This is helpful as I will need in 6 months when I will retire at 64.
No problem Mike, happy I can help!
Good information, it was clear, concise, and dynamic. Just try to buy a better microphone, it gets hard to follow after a while.
Thank you for Suggestion!❤
I would like to see a video explaining penalties. Me and my wife look at plan on healthcare.gov at 42500 in income but once I put in 45000 plan no longer shows up. Does this mean I would have to pay back all the tax subsidies or just a portion if we go over 42500????
You would pay back the portion you was supposed to pay. Its best to up your salary if you don't want to worry about paying it back when you do your taxes. If you feel you may make a little more go with that income.
My deductible is $2500. What if I have been paying my Obamacare premium for a year with no major health issues, do I get credit toward my deductible?
Unfortunately no credit goes towards your deductible. No roll over year to year. Great question ❤