I thought the new affordable health care was intended for the poor? We know a couple in the villages , very wealthy, who spend all the time travel often, work off the books and brag about the wonderful subsidies they get? Is this possible or could they be making this up?

The subsidies are based on AGI (adjusted gross income), not net worth. Yes, you can get a fat subsidy if you aren't showing taxable income (or much of it). For example, if you are spending down cash or getting money under the table. Isn't this a great country where you can get free stuff?

Originally Posted by Guest

I thought the new affordable health care was intended for the poor? We know a couple in the villages , very wealthy, who spend all the time travel often, work off the books and brag about the wonderful subsidies they get? Is this possible or could they be making this up?

Originally Posted by Guest

The subsidies are based on AGI (adjusted gross income), not net worth. Yes, you can get a fat subsidy if you aren't showing taxable income (or much of it). For example, if you are spending down cash or getting money under the table. Isn't this a great country where you can get free stuff?

They must be spending down cash as they just took a 60 day cruise in addition to 7 other cruises last yr alone. But my question was I thought obamacare was for the poor?

Originally Posted by Guest

They must be spending down cash as they just took a 60 day cruise in addition to 7 other cruises last yr alone. But my question was I thought obamacare was for the poor?

The Affordable Health Care insurance is available to anyone not just the poor based on adjusted gross annual income. I know someone who takes a lump sum from their 401K every other year. On the off year they don't have any income so they get healthcare at a reduced rate.