In addition to the premium subsidy under the ACA, you may qualify for the cost-sharing subsidy if your income is low enough.
Latest Blog Posts
Effective Tax Rates Under ACA Premium Subsidy
The previous post Converting to Roth and Harvesting Capital Gains Under Obamacare Premium Subsidy shows when you are getting a premium subsidy for buying health insurance on the exchange under Obamacare, you face a marginal tax rate of about 25-30% for ordinary income and 10-15% for long-term capital gains, when normally ordinary income would be […]
Circular Reference In Self-Employed Health Insurance Deduction Under ACA Premium Subsidy
If you are self-employed, you can potentially get both the subsidy tax credit and a deduction for your health care premium under Obamacare, but calculating the numbers can be tricky.
Where Big Banks Are Better Than Credit Unions
My reward checking account with a credit union is fully up and running. I got my first monthly interest at the end of September. As expected, I got 3% APY on my $20k deposit for having used my debit card 18 times during the month. Those 18 debits came to a grand total of $91.34. […]
Converting to Roth and Harvesting Capital Gains Under Obamacare ACA Premium Subsidy
You will pay an extra 10-15% tax if you convert to Roth or realize capital gains while you receive the premium subsidy under the ACA.
How Much Is a Southwest Rapid Rewards Point Worth?
In addition to no change fees and including check-in bags in the fare, I like Southwest Airlines also because its frequent flyer program Rapid Rewards is the easiest to use. Other airlines limit seats available for reward travel. I have miles but when I want to redeem them for a free ticket, I often find […]
Income Bunching Under Obamacare ACA Premium Subsidy
If you can’t qualify for the premium subsidy under the ACA, if may be helpful to bunch up your income.
Book Round-trip On Southwest As Two One-Way Flights
Southwest Airlines is the largest domestic airline by the number of passengers getting on and off a plane ("enplanements"). Its reasonable prices and consumer-friendly policies make it my number one choice for leisure travel. I’d like to share a tip about flying Southwest Airlines: book your round-trip travel as two one-way flights. Southwest prices its […]
Marriage Penalty Under Obamacare ACA Premium Subsidy
Married couples are at a disadvantage when it comes to getting the premium subsidy under the ACA.
Free Flu Shot Covered In Full By Insurance
This year’s flu shot campaign seems to have started earlier than previous years. My employer had the on-site flu shot clinics in mid-September. I got the email from HR but I didn’t pay attention to the dates. I thought it would be later in October or November; so I missed the on-site dates. Grocery stores, […]