Posted on 02/14/2015 9:06:30 AM PST by Rusty0604
Janice Riddle got a nasty surprise when she filled out her tax return this year.
The Los Angeles resident had applied for Obamacare in late 2013, when she was unemployed. She qualified for a hefty subsidy of $470 a month, leaving her with a monthly premium of $1 for the cheapest plan available.
Riddle landed a job in early 2014 at a life insurance agency, but since her new employer didn't offer health benefits, she kept her Obamacare plan. However, she didn't update her income ...
Now, she has to pay back the entire subsidy, which is forcing her to dip into her savings.
Early data is in from some tax preparers. Some 53% of Jackson Hewitt clients who received subsidies have to repay part or all of it, with the largest being $12,000, said Mark Steber, chief tax officer. The rest overestimated their income so they are getting even larger refunds.
Erica Cherington, 32, was "very happy" to enroll in Obamacare last year so she could address some health issues. She only had to pay $89 a month for a Horizon Blue Cross Blue Shield plan, thanks to a $284 monthly subsidy. She let herself be automatically re-enrolled for 2015.
During 2014, however, the Newark, N.J., resident landed a new job with a higher salary. Now, she has to pay back $600 of her subsidy.
To avoid this happening again, Cherington called the federal exchange to update her income, which she hadn't done when she changed jobs. Her revised monthly premium: $156 a month.
A case manager who handles disability payments, Cherington is now considering dropping her coverage and paying the penalty instead.
"It's not really affordable," she said of her new premium. "I don't know if I'll be able to keep it."
(Excerpt) Read more at money.cnn.com ...
What a surprise.
Too bad we can't make all the 0bamabot morons that voted for the foreign bastard pay back everything they have received from the gravy train, including 0bamaphones!
“However, she didn’t update her income ...”
Key bit of info.
Stick you hand into the taxpayers’ pockets and you get what you deserve. No sympathies.
The ObamaCare victim could go to BuzzFeed and view pics of Barry Soetoro sticking his tongue out at her. That would put the cheese on her crap sandwich from Barry.
Like the man said, if you thought health care was expensive before, wait until you see what it costs now that it is free. Nothing is free.
Ha!
How is that ‘free’ healthcare workin for ya.
Expect a lot more surprises fom the Emporer like this...you voted for him. You eat it.
Too bad the IRS won’t give the republicans the addresses of these people. You gotta believe they feel screwed by the Dems.
Thanks Obama.
Seems to me that the only ones who seem to like ObamaCare in the government commercials are those “citizens” for whom English is a second language.
This is all about Democrat voters and income/wealth redistribution.
But they didn’t think it would apply to them.
The EXEMPT Congress, their EXEMPT families,
and their EXEMPT Staff, and all Moslems are
EXEMPT from this unConstitutional tax, of course.
The very same EXEMPT Congress that wrote the taxes
in the Senate and allowed the undocumented First
Moslem to tyrannically also remove his friends,
criminals, and SCOTUS from the taxes.
What did you suppose, that somebody else would be paying for it? We know that is how o-bots think, but every now and then one of them gets a straight shot of reality, like this specimen.
Zero sympathy (teehee) from this guy right here.
Minor potholes on the road to socialism. We’ll get over it.
No worries. Eventually they will learn to game the system, just like they do with the Earned Income Credit. In a few years the target population will know the details better than the paid tax return preparers.
half pays for the other halfs stuff
unsustainable
If you like your savings...you can keep your savings..
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