What the Healthcare - Obamacare Subsidies and do you Qualify

My job as an agent is to find you the absolute best deal for your health insurance. If you qualify for a subsidy through the ACA or Obamacare, we can use government money to power your premiums.

I am a licensed insurance broker, and a district partner for my company Healthcare Solutions Team. I am here to help ensure people make the best decision for their health insurance in their state. I am licensed in the following states currently:
AL, AZ, FL, GA, IL, IN, KY, LA, MD, MI, MS, MT, NM, NC, OH, OK, PA, TX, VA, WI

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Call me here: 708-566-6589

[julianjoseph]

Great Job explaining! I really appreciate it. My mom's income was just below the 100% to qualify for subsidy but too high to get Medicaid so she was stuck in the grey area with no insurance. It's good to know that she will automatically qualify for subsidy since she was denied for Medicaid. Thanks for explaining.

[Lionelgamer-ezyx]

Thank you su much for this information,

[jsantos]

LOL! Agrees! it took me a FEW YEARS to really understand this.

[kevindang]

Please talk more about offered company coverage. Thanks

[Medmann]

Listen the Key to using Obamacare is the SUBSIDY. Hoard your Cash & keep your "Reportable" income low enough that you get a sizeable subsidy. Remember if you retire at 62 you only need Obamacare for 3 years so supplement your small reportable income with cash from your savings or money from a Roth IRA that is not taxable as income. As of now Obamacare does not take into account your assets only your income.

[DillyPutty]

JMO, but if you are an early retiree with low income, it's a great option. Just need to be aware of the complexities of qualifying for subsidies. BTW Biden opened open enrollment again.

[baztheman]

If a divorced female has no or little income, will she qualify as low income and receive free or low-cost health insurance? Can you explain details on how she can apply? If not, any alternative? If this includes Kaiser, then that will be her preference. Thank you. B.

[vLife]

Will they ever look at savings and investments? For a family of four with 40k of passive income in Florida (ages 55, 53, 22, 24) willing to pay for preventative, doctor visits and labs out of pocket, is there a low premium, high deductible plan that would protect us from an incident that might cost more than 15k or have long term multiyear bills like Trauma, heart attack, stroke, cancer, etc?

[anneraso]

Is contributing to a Sep IRA a way to get Modified Adjusted Gross Income down? How else can a self employed person or freelancer get it down so they have less to pay for ACA health insurance?

[constancegomez]

(Florida) If a 🏠 of 2 or more does not make at least $19, 000...they will send your application to medicaid.
Which Medicaid hardly pays anything.

[kevinwade]

If your an LLC with you as the owner and operator of the business (Trucking), do you use the projected gross from the business? Or the gross your expecting to pay yourself for MAGI??
Thanks

[lexb]

Earning 90k a year and a family of 4 living in Cali. Do I qualify for subsidies? And what does monthly payment look like?

[REDDLADY]

I no longer work and have no income from a job. I have traditional IRA's, most in 6month-1yr IRA CD's. Can I take withdrawals from retirement income and use that as income for MAGI. I wanted to hold off on Social Security for at least 2 years. I am 63.

[davidmoore]

This is really good information. We just quit our jobs this year,  decided to retire early. We are 59 and 62 next year, live in TX. A 20 years old son(dependent) in college. We plan not to work or just working part time next year. We do have rental income and 401k. Questions....1.  Is rental income(Passive Income) count towards the income to qualify the subsidize? 2.  My husband is considering getting his SS benefits starting next year. Should he hold off getting his SS? 3.  Is the higher the income the lower the subsidize amount?4.  My son may get an internship next summer, is his income counts towards our total income assuming he earns less than 12k and doesn't need to file his own tax.

[William]

So does medicaid offer a better deal than Obamacare? I only make $6000/yr

[vanateecustomprints]

how much do people end up paying if they get the subsidies ?

[williamsnider]

Im on SSI an I can't find health insurance for my wife medicade Denise her

[boybryson]

What if you’re not married but you and your partner share a child how does that work as far as who claims the child?

[monisune]

I have a question! If I have health coverage & subsidy with my spouse in 2020, do I have to file joint for 2019 if I did not have health coverage in 2019? or do I have to file joint only for 2020?