Looking at this from a pure math perspective, can someone explain to me if I’m doing something wrong.
Let’s say I’m self employed / live off investments (Essentially can change my income to a degree each year)
Why wouldn’t I sign up for the largest subsidy (e.g. 138% poverty line in my state). Then make sure I make at most 399% the poverty line that year.
Say my subsidy is $350 a month. At the end of the year, it appears the maximum repayment amount is $1300 for an individual. So at the end of the year I would owe an additional 1300, but who cares?
In the long run it’s not only a no interest loan, but it is also ~$2900 dollars saved (350×12 – 1300).
Is there any reason not to do this? Thanks!
submitted by /u/HealthCareCheapest
[link] [comments]
Looking at this from a pure math perspective, can someone explain to me if I’m doing something wrong. Let’s say I’m self employed / live off investments (Essentially can change my income to a degree each year) Why wouldn’t I sign up for the largest subsidy (e.g. 138% poverty line in my state). Then make sure I make at most 399% the poverty line that year. Say my subsidy is $350 a month. At the end of the year, it appears the maximum repayment amount is $1300 for an individual. So at the end of the year I would owe an additional 1300, but who cares? In the long run it’s not only a no interest loan, but it is also ~$2900 dollars saved (350×12 – 1300). Is there any reason not to do this? Thanks!
submitted by /u/HealthCareCheapest [link] [comments]Read Morer/HealthInsurance