Originally Posted by mrboston21
am i the only one this has ahppened too?,,
I donot think so there are tons of TPs, 6 million, that are paying penalties of hundreds of dollars. beginning in April if you had access to health insurance then, you can no longer be covered under her insurance. her employer doesn’t want to subsidize your employer (who isn’t paying anything toward your benefits or your children’s benefits.). however, even if your wife has insurance through her employer, you can get coverage through the exchanges,but, you cannot get a subsidy to help pay for health insurance in the marketplace. The subsidies are based on income. The lower your income, the bigger the subsidy.
However, depending on your age and the type of coverage you want, you might find that you can get an individual plan for less than $400, even without a subsidy. you can shop in the marketplace or “off-exchange” (directly through a health insurance carrier or a broker) and see what’s available in your state. If you doesn’t mind a relatively high deductible, a Bronze plan might be a good way to lower your premium costs.
Note; the government doesn’t know how much money you’re going to make next year. And when you apply for the subsidy, this fall, it won’t even know how much you’re making this year. So, unless you tell the government otherwise, it will rely on the best information it has: your 2012 tax return, filed this spring.
What happens if you or your spouse gets a raise and your family income goes up in 2014? You could end up with a bigger subsidy than you are entitled to. If that happens, the law says you have to pay back at least part of the money when you file your tax return in the spring of 2015.
That could result in smaller tax refunds or surprise tax bills for millions of middle-income families.