Kansas/35/m
Last time I had insurance was when I was on my parents plan. Since then I’ve worked in film/TV in LA and lol at ever getting insurance as a production assistant/gopher type person.
Anyway, due to whatever caused it, I saw a news story and looked into it and I qualify for a premium tax credit of around $450 a month. Some of the plans this makes the premium zero or more, etc.
My questions are basically, I estimated my unemployment payment amount to when it cuts off (likely) in September to get that number but I will likely make some thousands of dollars after it cuts off in September to the end of the year. So w/ unemployment I get $33k this year from 1/21 to 9/21. I’ll make say less than $10k from 9/21 to 1/22. But, I honestly don’t know what I’ll make since my job is so weird.
So, if I make more money than what they estimate my tax credit on, how much would I have to pay in penalties? Further, it talks about utilizing the premium tax credit elsewhere. I literally have no idea what I’m doing so is that money I could get back even though I only made like $30k last year and got $900 back from the federal govt. I’m completely at a loss of what I’m doing.
Oh and I don’t understand the deductible and out of pocket maximum. It says after you spend the out of pocket maximum, your insurance picks up 100% of the tab but the deductible says amount you pay before the plan pays.. so?
Thanks, please help this 35 year old idiot.
Edit: so I saw people saying Ambetter is not great. But, I think I understand a little more.. but the “good” plans through Bluecross Blueshield or whatever start w/ a deductible of $1k or more so I have to pay for $1k worth of doctor visits a year before that $0 for a primary care doctor visit cost actually kicks in? So basically none of these insurance do anything for my daily life where I didn’t have insurance and had to pay out of pocket costs EXCEPT (and it is important) in case I get into an accident or something and would go bankrupt if I had no insurance?
submitted by /u/lincolninlawrence
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Kansas/35/m Last time I had insurance was when I was on my parents plan. Since then I’ve worked in film/TV in LA and lol at ever getting insurance as a production assistant/gopher type person. Anyway, due to whatever caused it, I saw a news story and looked into it and I qualify for a premium tax credit of around $450 a month. Some of the plans this makes the premium zero or more, etc. My questions are basically, I estimated my unemployment payment amount to when it cuts off (likely) in September to get that number but I will likely make some thousands of dollars after it cuts off in September to the end of the year. So w/ unemployment I get $33k this year from 1/21 to 9/21. I’ll make say less than $10k from 9/21 to 1/22. But, I honestly don’t know what I’ll make since my job is so weird. So, if I make more money than what they estimate my tax credit on, how much would I have to pay in penalties? Further, it talks about utilizing the premium tax credit elsewhere. I literally have no idea what I’m doing so is that money I could get back even though I only made like $30k last year and got $900 back from the federal govt. I’m completely at a loss of what I’m doing. Oh and I don’t understand the deductible and out of pocket maximum. It says after you spend the out of pocket maximum, your insurance picks up 100% of the tab but the deductible says amount you pay before the plan pays.. so? Thanks, please help this 35 year old idiot. Edit: so I saw people saying Ambetter is not great. But, I think I understand a little more.. but the “good” plans through Bluecross Blueshield or whatever start w/ a deductible of $1k or more so I have to pay for $1k worth of doctor visits a year before that $0 for a primary care doctor visit cost actually kicks in? So basically none of these insurance do anything for my daily life where I didn’t have insurance and had to pay out of pocket costs EXCEPT (and it is important) in case I get into an accident or something and would go bankrupt if I had no insurance?
submitted by /u/lincolninlawrence [link] [comments]Read Morer/HealthInsurance