No. of Recommendations: 9
>> If you fall on the wrong side of this important provision of Obamacare, your annual health insurance premium could triple. <<

Yep -- the few dollars you earn which move you from 399% of FPL to 401% of FPL wind up having a "marginal tax rate" of several *thousand* percent. I've run scenarios where it's possible that earning an extra $100 -- even an extra $1 in the most pathological case -- can cost you $3000 or more in lost health insurance subsidies.

I think that's a dumb aspect of the law -- you should NEVER be better off earning less than $X than for earning $X -- but that's the way it is.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.