Thursday, January 2, 2014

Many Still Being Left Out of Obamacare

Do you make less than the $23,500 as a family of 4 or are you an individual making less than $11,500  a year, or are you like us a family of 3 with no individual breakdown, but make less than $23,500 a year. Are you a family of 2 with no income breakdown? Is your state not expanding medicaid this year? Well get ready to be left out of any and all market place tax credits. Oh, you'll be exempt from paying a fine when you file your taxes, but what about that health coverage you needed? Unless you want to pay full price, you probably can't afford it on your $15K yearly income. Welcome to life below the board walk, where millions of people are still falling through the cracks, despite having re-elected the self proclaimed people's president. The Volkswagen of US politics, at first her appears unique enough to fit what you need, but within a few years his shorty workman ship makes itself known. So what is going on here? Why of I not qualify for any tax credits.
Here's the words from

If your state isn’t expanding Medicaid in 2014

Some states aren’t expanding their Medicaid programs in 2014. If you live in one of these states, you may not have as many options for health coverage. It will depend on where your income falls.
  • If your income is more than 100% of the federal poverty level -- about $11,500 a year as a single person or about $23,500 for a family of 4 -- you will be able to buy a private health insurance plan in the Marketplace and may get lower costs based on your household size and income.
  • If you make less than about $11,500 a year as a single person or about $23,500 for a family of 4, you may not qualify for lower costs for private insurance based on your income. However, you may be eligible for Medicaid, even without the expansion, based on your state’s existing rules.

Why this coverage gap exists

When the health care law was passed, it required states to provide Medicaid coverage for adults between ages 18 and 65 with incomes up to 133% of the federal poverty level, regardless of their age, family status, or health.
It also provides tax credits for people with incomes between 100% and 400% of the federal poverty level to buy private insurance plans in the Marketplace.
Under the law, the federal government will pay states all of the costs for newly eligible people for the first three years. It will pay no less than 90% of the costs in the future.
The U.S. Supreme Court later ruled that the Medicaid expansion is voluntary with states. As a result, some states are not expanding their Medicaid programs in 2014.
Many adults in those states with incomes below 100% of the federal poverty level fall into a gap. Their incomes are too high to get Medicaid under their state’s current rules. But their incomes are too low to qualify for help buying coverage in the Marketplace.

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