What Type of Obamacare Subsidies is Best?
One of the significant contributions of the Affordable Care Act was the introduction of Obamacare subsidies to health plans purchased through the Marketplace. The Marketplace is the federal government platform that offers health insurance. And these subsidies will reduce the costs of insurance premiums for ACA-complaint programs bought there. These improvements make Marketplace health plans […]
Understanding Gross Income and MAGI with Examples
Individuals’ gross income, also known as gross pay on a paycheck, is their total pay from their employer before taxes or other deductions. This includes all sources of income and is not limited to cash income; it also covers property or services received. Gross annual income is the total amount of money an individual earns […]
Affordable Care Act Pros and Cons
The Affordable Care Act The ACA (Affordable Care Act), also known as the Obamacare health plan, was signed into law in 2010. The ACA was designed to protect consumers from insurance company tactics that could increase patient costs or limit buyers’ access to healthcare services. Millions of citizens have benefited by obtaining health insurance through the […]