Sactoking's ACA Q&A Thread

[sactoking]

Apply now is my advice. If you enroll and it gets trashed then you're not out anything. If you don't enroll and a decision doesn't come immediately you may miss open enrollment. Biden is likely to increase enrollment time but not guaranteed.

 

[JEDI]

Apply now is my advice. If you enroll and it gets trashed then you're not out anything.
If you don't enroll and a decision doesn't come immediately you may miss open enrollment. Biden is likely to increase enrollment time but not guaranteed.

i have till dec 15 to enroll.
the decision is expected end of Nov.

if i wait and obamacare does get canceled, i can enter a lower income on healthcare.gov and go on medicaid instead.

or just go on medicaid (northern VA) for 2021?

 

[JEDI]

im currently on obamacare for 2020. (silver plan, max subsidies)

i have to do a Roth conversion by dec 2020 to inflate my income to the $17750 minimum for Obamacare.

What would happen if my agi is less than $17750 for 2020? (in my 2020 application, i said i will make $17750 for 2020)
i live in VA.

thx

 

[sactoking]

im currently on obamacare for 2020. (silver plan, max subsidies)

i have to do a Roth conversion by dec 2020 to inflate my income to the $17750 minimum for Obamacare.

What would happen if my agi is less than $17750? (in my 2020 application, i said i will make $17750 for 2020)
i live in VA.

thx

Virginia has expanded Medicaid eligibility so if you fall below the 133% FPL threshold you'll be eligible for Medicaid.

 

[JEDI]

Virginia has expanded Medicaid eligibility so if you fall below the 133% FPL threshold you'll be eligible for Medicaid.

umm.. not what im talking about.

for 2020, i told healthcare.gov that i WILL make 17750.
im currently getting full subsidies.

what happens if i dont make 17750 by dec 31, 2020?
do i have to pay back all those subsidies?

 

[sactoking]

umm.. not what im talking about.

for 2020, i told healthcare.gov that i WILL make 17750.
im currently getting full subsidies.

what happens if i dont make 17750 by dec 31, 2020?
do i have to pay back all those subsidies?

Sorry, I misunderstood. The way the law is written, yes you will have to pay them back. There is a cap on what you have to repay. If your MAGI comes back at less than 200% FPL, which it should if you were technically Medicaid eligible, the amount of subsidy you have to repay is $300.