Janice Riddle got a nasty surprise when she filled out her tax return this year.
http://finance.yahoo.com/news/pay-back-obamacare-subsidy-150400517.html
http://finance.yahoo.com/news/pay-back-obamacare-subsidy-150400517.html
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
I have to pay back my Obamacare subsidy
- Thread starter Banjo
- Start date
An estimated 3 million taxpayers will have to pay back an average of $2300 in subsidies. Blind-siding many of the taxpayers.
So what are these people doing instead in 2015... dropping Obamacare totally.
'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."'
Bottom line: Obamacare sucks. We are the laughing stock of every other western nation when it comes to health coverage. Obamacare will cause more personal bankruptcies than medical bills.
So what are these people doing instead in 2015... dropping Obamacare totally.
'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."'
Bottom line: Obamacare sucks. We are the laughing stock of every other western nation when it comes to health coverage. Obamacare will cause more personal bankruptcies than medical bills.
"However, she didn't update her income with the California exchange,"
Oops.
Many state exchanges did not have a mechanism to update your income. Oops.
Apparently California's does.Many state exchanges did not have a mechanism to update your income. Oops.
Apparently California's does.
True
hit em where it hurts, their refund, that's all they know about taxes is how much they get back, if they didn't get anything back they wouldn't even file. Now Obamacare is being run by the IRS. I sure hope I still get a refund. Where do they get all that money to give us every year? Somebody must be very generous when it comes to giving the government all that money to give to us in our refunds.
except for the part about if I don't get a subsidy it is too expensiveIf you aint poor anymore you don't get a subsidy no more.
Working as intended.
She was told at the tax office she would need to pay back the Obamacare subsidy...
Embedded media from this media site is no longer available