Daily Archives: June 11, 2013

eHealth ObamaCare Countdown: Your Second Step to Get Ready for Health Reform This Year

eHealth ObamaCare Countdown: Your Second Step to Get Ready for Health Reform This Year – Yahoo! Finance.

Excellent article detailing the process of determining subsidy eligibility and what your actual subsidy will be.

A key role in determining subsidies are related to the cost of the 2nd least expensive Silver plan available in your states exchange. That doesn’t mean you should purchase this plan, simply that it is critical in determing the available subsidy. Your subsidy is determined as follows:

  1. Determine the Maximum Monthly premium you are responsible for based on your Federal Poverty Level (FPL table). This assumes you were to purchase our favorite plan the 2nd least expensive silver plan.
  2. Determine the cost of the 2nd least expensive silver plan
  3. Your subsidy is the difference between the Cost of the 2nd least expensive silver plan (step 2) and your Maximum Montly premium reponsibility based on the FPL table (step 1).
  4. That subsidy amount is available for any plan you select and you pay whatever premium is remaining.

If you were to select a Bronze plan, which would naturally be less than a Silver plan, then the actual premium you pay will be less that your Maximum montly premium determined in Step 1.

Conversely, if you were to select a Gold or Platinum plan, your premium reponsibility would be greater than your “Maximum” monthly premium.

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Obamacare Forces Employee Hours to Be Cut at Indiana Schools

Obamacare Forces Employee Hours to Be Cut at Indiana Schools | The Weekly Standard.

Obamacare regulations are forcing employers to cut employee hours at Indiana schools, according to the Courier-Journal.

“Schools across Indiana are cutting back the hours of teacher assistants, bus drivers, cafeteria workers and other aides to avoid having to offer them health insurance under the federal health care employer mandate that begins next year,” reports the paper.

Expect this type of action to become more and more frequent.

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