Those over 55 and 65, before Medicare kicks in.
I see health insurance policies that are quite often over $1000 per month for that age group, with deductibles exceeding $6000. This is at least $18,000 of income, and often over $20,000. Per person.
Whether single or married, then - due to a “cliff rule” - even a single one dollar over the 401% of the poverty line means that the entire ACA subsidy is required to be paid back.
Typically happens over $48,500 if single or $68,000 if married.
Take money out of an IRA or 401k? Get a second job to help pay bills? Start your pension or social security early?
All of these can be enough to require a taxpayer to pay back the entire subsidy - at once, as part of their annual tax return.
I would like to think that the crafters of these laws and rules didn't intend for this massive penalty to continue.
But they Dems have had over a decade to change it - even a little - and have fought tooth and nail to refuse any changes at all.
I know many that have benefited from the subsidies on a personal level, but overall this law has been a disaster, forcing the cost of medicine and premiums to escalate.
And this is the best they can do?
Hubby spent 20 yrs CAREER USN, 20 YRS Jr College Prof, pensions, SS suck, and the add my piddly SS intoit, he exceeds VA care. Medicare went UP $148.00, his SS $20.00. We don’t know yet what Tricare Life co-pays will be. Nor what CUTS BOTH WILL MAKE. Each year it covers less.
There is NO PRICE NEGOTIATIONS ALLOWED, ALL IS SET BY CONGRESS, DoD. As are REGS.