General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrumpCare Would Mean Pay Full Premium For 12 Months Then Get Credit Later.
People would have to pay FULL PREMIUMS PLUS ANY COPAYS for up to 15 months before they get their TAX CREDIT. That means you won't get any money for you health care until after you have filed your taxes. So if your full premium is 1200 per month you would pay the whole thing. that would be $14,400 per month. In the end you would get a tax credit of maybe $3000.
Not receiving the monthly subsidy would throw millions off of health care immediately. Even people who theoretically could pay their full premium would probably lose health care. Then you have to add your drugs.
Hoyt
(54,770 posts)Not the way it works now, and I doubt even these callous fascists would try to change pre-payment of tax credits so that people have to wait until the end of the year to get their "subsidy."
Here's how it works now:
Introduction to Advance Payments of the Premium Tax Credit
When you enroll in coverage, the Marketplace will estimate the amount of the premium tax credit you will be allowed for the year of coverage. To make this estimate, the Marketplace uses information you provide, including information about:
your family composition
your household income
whether those that you are enrolling are eligible for other non-Marketplace coverage
Based on the estimate from the Marketplace, you can choose to have all, some, or none of your estimated credit paid in advance directly to your insurance company on your behalf. These payments which are called advance payments of the premium tax credit or advance credit payments lower what you pay out-of-pocket for your monthly premiums. If you do not get advance credit payments, you will be responsible for paying the full monthly premium.
https://www.irs.gov/affordable-care-act/individuals-and-families/premium-tax-credit-claiming-the-credit-and-reconciling-advance-credit-payments
If the totally inadequate GOPer flat tax credit it approved, the estimates would not be necessary above.
sarah FAILIN
(2,857 posts)Would you still get the credit?
TheMastersNemesis
(10,602 posts)mythology
(9,527 posts)It's still a stupid plan that is woefully economically inadequate.
You should be on medicaid but states will trim services.
Doctors will refuse service.
So you still lose.