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Subject:  Re: too late for HSA? Date:  10/15/2021  6:46 PM
Author:  aj485 Number:  104772 of 107492

With us only working one quarter, our income may be low enough to qualify for subsidies.

For 2021 and 2022, the 400% of FPL cap was lifted. You will pay a maximum of 8.5% of your income. Although I'm not sure how that works when you only have ACA for part of the year. I imagine that it's pro-rated based on the number of months you have ACA, but I haven't actually looked into that. If your state has some type of 'navigator' to help with selecting plans, you might want to engage them.

But if I can estimate 2022 income, I'll probably qualify.

Yes, you are supposed to provide an estimate of what you expect your income to be for the year you are being covered. Subsidies get trued-up on your tax return for that year.

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