The Motley Fool Discussion Boards
Retirement Discussions / Retire Early CampFIRE
|Subject: Re: Low Education Voterfraude||Date: 1/31/2013 5:35 PM|
|Author: TheBaronAndrew||Number: 669595 of 771028|
It is hard to believe that anyone is gullible enough to take at face value the Craiglist posting quoted.
First - the insurance requirements to buy insurance under the Affordable Care Act are not in effect yet.
Second - With an income of $18,000 a year he would be eligible for a federal subsidy to help pay for insurance (goes up to 400$ of federal poverty level which would be about $44,000 for someone single)
Third - if his insurance premium after any subsidy exceeded 8% of his income then he would have no penalty for failing to buy insurance.
Yes, this is what I remember from my (admittedly scant) reading on the subject.
For this reason, that craigslist post didn't quite ring true to me.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|