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Author Topic: I had to pay back my subsidy  (Read 1628 times)

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Offline Gina

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I had to pay back my subsidy
« on: February 17, 2015, 08:30:42 AM »
Had to put this here because I suspect we will be seeing this a lot soon!

http://money.cnn.com/2015/02/13/news/economy/obamacare-subsidy/index.html

Quote
Janice Riddle got a nasty surprise when she filled out her tax return this year.

The Los Angeles resident had applied for Obamacare in late 2013, when she was unemployed. She qualified for a hefty subsidy of $470 a month, leaving her with a monthly premium of $1 for the cheapest plan available.

Quote
Early data is in from some tax preparers. Some 53% of Jackson Hewitt clients who received subsidies have to repay part or all of it, with the largest being $12,000, said Mark Steber, chief tax officer.

Quote
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."
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Offline Texacon

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Re: I had to pay back my subsidy
« Reply #1 on: February 17, 2015, 08:33:19 AM »
I've been waiting for these to start hitting.  I read a thread on there the other day and they were all trying to claim the MOST someone would be forced to pay was like $240 or some such BS.  They don't know what the hell they're talking about and it's about to hit the fan.

KC
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Offline freedumb2003b

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Re: I had to pay back my subsidy
« Reply #2 on: February 17, 2015, 09:19:47 AM »
Quote
Early data is in from some tax preparers. Some 53% of Jackson Hewitt clients who received subsidies have to repay part or all of it, with the largest being $12,000, said Mark Steber, chief tax officer. The rest overestimated their income so they are getting even larger refunds. One taxpayer is collecting an additional $7,500.

Well, that's not fair!  They should take the money that people get back and give it to the people that have to pay!  That would be FAIR!

(do I need the /sarc tag?)
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Offline SVPete

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Re: I had to pay back my subsidy
« Reply #3 on: February 17, 2015, 09:59:31 AM »
Well! I hope Janice Riddle has learned her lesson about what happens when people get off the government bennies reservation and get a job!
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Offline Bad Dog

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Re: I had to pay back my subsidy
« Reply #4 on: February 17, 2015, 01:17:13 PM »
The other neat thing is that they all thought that the IRS couldn't collect the fine for not having insurance unless you had a refund coming.  They can and will collect subsidy overpayments.  And, another thing that is about to hit our union brothers and sisters is the "Cadillac" tax on their generous plans.
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Offline Texacon

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Re: I had to pay back my subsidy
« Reply #5 on: February 17, 2015, 01:25:52 PM »
Quote from: Bad Dog on February 17, 2015, 01:17:13 PM
The other neat thing is that they all thought that the IRS couldn't collect the fine for not having insurance unless you had a refund coming.  They can and will collect subsidy overpayments.  And, another thing that is about to hit our union brothers and sisters is the "Cadillac" tax on their generous plans.

Yeah, well, they have it coming.  They have more than they need.  They need to give some of their extra insurance to the needy.

KC
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Offline DLR Pyro

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Re: I had to pay back my subsidy
« Reply #6 on: February 17, 2015, 01:34:21 PM »
How long will it be before some democrat politician introduces a tax on "the top 1%" to bailout the free loaders who tried to scam the system and get the most subsidiary assistance?
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Offline Bad Dog

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Re: I had to pay back my subsidy
« Reply #7 on: February 17, 2015, 01:53:05 PM »
Quote from: DLR Pyro on February 17, 2015, 01:34:21 PM
How long will it be before some democrat politician introduces a tax on "the top 1%" to bailout the free loaders who tried to scam the system and get the most subsidiary assistance?

The "democratics" in Congress are already begging O'bummer to declare a tax amnesty for folks who underestimated their income to get big subsides.
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Offline obumazombie

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Re: I had to pay back my subsidy
« Reply #8 on: February 17, 2015, 02:16:20 PM »
With any luck owebumacare will become a permanent albatross around owebuma's neck.
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Offline Chris_

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Re: I had to pay back my subsidy
« Reply #9 on: February 17, 2015, 02:18:15 PM »
Quote from: Bad Dog on February 17, 2015, 01:17:13 PM
The other neat thing is that they all thought that the IRS couldn't collect the fine for not having insurance unless you had a refund coming.  They can and will collect subsidy overpayments.  And, another thing that is about to hit our union brothers and sisters is the "Cadillac" tax on their generous plans.
Anyone with half a mind knew that when the IRS added a section for health insurance on W2s.
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Offline HawkHogan

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Re: I had to pay back my subsidy
« Reply #10 on: February 17, 2015, 02:18:24 PM »
We tried to warn them...
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Offline thundley4

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Re: I had to pay back my subsidy
« Reply #11 on: February 17, 2015, 02:32:35 PM »
Quote from: obumazombie on February 17, 2015, 02:16:20 PM
With any luck owebumacare will become a permanent albatross around owebuma's and the democratic's necks neck.

FIFY
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Offline obumazombie

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Re: I had to pay back my subsidy
« Reply #12 on: February 17, 2015, 04:50:16 PM »
Quote from: thundley4 on February 17, 2015, 02:32:35 PM
FIFY

Did you mean Democraticks, or Democrats ?
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Offline thundley4

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Re: I had to pay back my subsidy
« Reply #13 on: February 17, 2015, 06:22:36 PM »
Quote from: obumazombie on February 17, 2015, 04:50:16 PM
Did you mean Democraticks, or Democrats ?

Yes.
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Offline Gina

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Re: I had to pay back my subsidy
« Reply #14 on: February 18, 2015, 02:30:19 PM »
http://www.youngcons.com/liberal-formerly-fell-love-obamacare-years-ago-suddenly-change-heart/



I hope this is a real story and not a hoax.  I say this because who doesn't change their profile pic in 3+ years?
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Offline I_B_Perky

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Re: I had to pay back my subsidy
« Reply #15 on: February 18, 2015, 07:54:45 PM »
Quote
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."

As a person that deals with cold hard numbers professionally, I can understand Cherington's dilemma. What Cherington does not realize is that the penalty is going to go up in the next few years. That was built in by design.  The whole thing about this abortion of a law can be summed up in one sentence/question:

Do the ones that benefit outnumber the ones that don't?

I don't think it does and I am guessing neither do the GOP majority in congress. Hence the dummie angst. They may make fun of the House repeal bills, but down the road a ways, it will probably come back to bite the dems in the ass.

For the dummies: The old saying is true. There is no free lunch.
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Offline thundley4

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Re: I had to pay back my subsidy
« Reply #16 on: February 18, 2015, 08:38:12 PM »
Quote from: I_B_Perky on February 18, 2015, 07:54:45 PM
As a person that deals with cold hard numbers professionally, I can understand Cherington's dilemma. What Cherington does not realize is that the penalty is going to go up in the next few years. That was built in by design.  The whole thing about this abortion of a law can be summed up in one sentence/question:

Do the ones that benefit outnumber the ones that don't?

I don't think it does and I am guessing neither do the GOP majority in congress. Hence the dummie angst. They may make fun of the House repeal bills, but down the road a ways, it will probably come back to bite the dems in the ass.

For the dummies: The old saying is true. There is no free lunch.

I don't get it, either. ObamaCare only helps a select few poor people, who were always voting for Demonrats, anyways. But at the same time, it hurts a lot of so-called swing voters.
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Offline I_B_Perky

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Re: I had to pay back my subsidy
« Reply #17 on: February 18, 2015, 09:15:39 PM »
Quote from: thundley4 on February 18, 2015, 08:38:12 PM
I don't get it, either. ObamaCare only helps a select few poor people, who were always voting for Demonrats, anyways. But at the same time, it hurts a lot of so-called swing voters.

I agree Thundley. From a political standpoint, it was great theater at the time. Then reality set in. I really think the dems thought they would be in charge for the next 10 or 15 years and could tweak it to make the winners outnumber the losers. Then obumbles would be the left's Reagan.

They thought wrong.

The thing that gets me, is the dems could have done a straight infrastructure spending spree, left alone the new regulations and the economy would have rebounded and they would have been in charge for the next 20 years.  Instead they chose this. Smart people knew it would never work. 

Just goes to show that liberals can **** up a wet dream.   :cheersmate:
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Offline 98ZJUSMC

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Re: I had to pay back my subsidy
« Reply #18 on: February 19, 2015, 07:17:11 AM »
Quote from: HawkHogan on February 17, 2015, 02:18:24 PM
We tried to warn them...

...over and over and over and.......

Only one in a thousand of these deficient organisms will ever admit it.
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Offline Gina

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Re: I had to pay back my subsidy
« Reply #19 on: February 19, 2015, 08:32:34 AM »
Quote from: thundley4 on February 18, 2015, 08:38:12 PM
I don't get it, either. ObamaCare only helps a select few poor people, who were always voting for Demonrats, anyways. But at the same time, it hurts a lot of so-called swing voters.

How?  don't they get the plans with the high deductibles?  or do they not have to pay that ?
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Offline Big Dog

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Re: I had to pay back my subsidy
« Reply #20 on: February 19, 2015, 09:19:45 AM »
Quote from: Gina on February 19, 2015, 08:32:34 AM
How?  don't they get the plans with the high deductibles?  or do they not have to pay that ?

Gina, Obamacare expanded Medicaid eligibility. The new Medicaid recipients benefited, at our expense.
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Offline Bad Dog

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Re: I had to pay back my subsidy
« Reply #21 on: February 19, 2015, 10:10:37 AM »
Quote from: Big Dog on February 19, 2015, 09:19:45 AM
Gina, Obamacare expanded Medicaid eligibility. The new Medicaid recipients benefited, at our expense.

Also, the stuff I've been reading has the freeloaders taking the platinum plans since they are mostly subsidized anyway.  And, a lot of them believed if they fudged their income to get bigger subsides, the IRS couldn't collect the overpayments.
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Offline Big Dog

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Re: I had to pay back my subsidy
« Reply #22 on: February 19, 2015, 10:28:32 AM »
Quote from: Bad Dog on February 19, 2015, 10:10:37 AM
And, a lot of them believed if they fudged their income to get bigger subsides, the IRS couldn't collect the overpayments.

Play stupid games, win stupid prizes.
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Online Carl

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Re: I had to pay back my subsidy
« Reply #23 on: February 19, 2015, 10:34:49 AM »
Quote from: thundley4 on February 18, 2015, 08:38:12 PM
I don't get it, either. ObamaCare only helps a select few poor people, who were always voting for Demonrats, anyways. But at the same time, it hurts a lot of so-called swing voters.

It was a two fer politically.
All the goodies appeared up front and were targeted to get the vote out among the poor (medicaid) young (stay on parents plan until 26) and women (free contraception,maternity care).
That aspect backfired as it cost dems Congress.

The second part of course was to act as a virus and entwine itself deeply into everyones life assumptions.
It is wrapped up in the tax code,insurance plans forever altered,dependency on a handout installed and and federal control over peoples lives enacted.
On that part it has been perfectly successful even though the nuts and bolts of it were designed to be a failure so as to increase and solidify each of those points in the future.
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