The Problem With Obamacare Is Obamacare

If the company you are employed by offers you a group health insurance plan, you are not eligible to apply for an "Obamacare" health insurance policy on the government exchanges HEALTHCARE.GOV.

The ACA is not a Universal Health Care Plan. It's only for the individual market. That would be self-employed people or people who work for a small company that does not offer group health insurance coverage.

So, if you work for a GM, ATT or IBM you can't apply for an "Obamacare" policy. Originally Posted by adav8s28

Employee funded healthcare insurance is basically tax free employee pay.

If there were no employee funded healthcare coverage and all that extra money was counted as income in your paycheck then government tax receipts would go up significantly.

People who have to purchase insurance on the marketplace take a tax hit that other people don’t. Or am I missing something?

People who have to purchase insurance on the marketplace take a tax hit that other people don’t. Or am I missing something? Originally Posted by txdot-guy

That is only if you received help from the government to pay the monthly premium. I believe a family of four that makes more than $25,000 and less than $130,000 can receive help from the government to pay the premium on a sliding scale.

If you are a family of four that makes less than $25,000 you don't qualify for a private health insurance policy. You would be directed to apply for "Expanded Medicaid". The states of Kentucky and Arkansas have the "Expanded Medicaid", not all states do.

If you are a family of four that makes greater than $130,000 you would not get help from the government to pay the premium.

These ranges change from year to year. Back in 2014 when the law was implemented the ranges were a little less.

That is only if you received help from the government to pay the monthly premium. I believe a family of four that makes more than $25,000 and less than $130,000 can receive help from the government to pay the premium on a sliding scale.

If you are a family of four that makes less than $25,000 you don't qualify for a private health insurance policy. You would be directed to apply for "Expanded Medicaid". The states of Kentucky and Arkansas have the "Expanded Medicaid", not all states do.

If you are a family of four that makes greater than $130,000 you would not get help from the government to pay the premium.

These ranges change from year to year. Back in 2014 when the law was implemented the ranges were a little less. Originally Posted by adav8s28

What I mean is employer provided insurance comes from your pay pre-tax income. Those insurance premiums are paid from pre-tax money. No fica or income tax is taken out to pay them.

ACA healthcare insurance premiums are taken from post-tax income. I thought that was one of the arguments for the insurance subsidies in the first place.

Employee funded healthcare insurance is basically tax free employee pay.

If there were no employee funded healthcare coverage and all that extra money was counted as income in your paycheck then government tax receipts would go up significantly.

People who have to purchase insurance on the marketplace take a tax hit that other people don’t. Or am I missing something? Originally Posted by txdot-guy

Yes. Health insurance is deductible if you’re self employed and your business is making a profit. If your employer doesn’t pay for health insurance or you’re unemployed, then you can deduct health insurance and out of pocket medical costs to the extent they exceed 7.5% of your taxable income. Finally, please note the tax hit is more-than-offset for many individuals by the Obamacare credits.

How is Yamstein’s repeal and replace going?!