No. of Recommendations: 2
Can you indicate what level of plan these cost estimates are for?
As I recollect the "second most expensive Silver plan" available in your area(at least at one point in the past, not sure if it's still the same nowadays) is used as the baseline for how the subsidies are calculate.
Second least expensive Silver plan (not the cheapest, the next one up). For us that's from an insurance company we don't trust, who covers none of our providers, and we go with a more expensive yet Bronze-level plan that has all our doctors.
But if I'm reading what you posted correctly, if your 2026 MAGI is $150,000, then your monthly premium cost (with the unenhanced subsidies) nets out to $1,063 for a family of 5.
That seems like a VERY good deal. So that's the status quo that the Dems are not satisfied with and shut the government down for 6 weeks for nothing.
That's right. The subsidy cliff is rough, though. If our MAGI is $151,000 we go from $1063/mo to $2472/mo. So that's why you hear some of the "premiums doubling" talk.
I'm not seeing that the existing ACA (unenhanced) subsidies are at all "unfair."
I agree, for the most part. Just that darn subsidy cliff. But, you know, woe-is-me I make too much money... lol
