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Originally Posted by PoolBrews
You also have to show a minimum income to qualify (never understood that...). For a couple it's around $18K. So if you're living off of cash, you still need to show income to qualify.
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ACA is not Medicaid. ACA is a health care program that provides subsidies to help offset the costs of premiums, to people who fall under a certain income level. If you fall below a certain income level, you qualify for Medicaid - which is MUCH more comprehensive than regular health insurance, and has no premiums, deductibles, or maxes.
If your income is at a certain minimum, you don't qualify for Medicaid - but you DO qualify for subsidies on the regular health insurance market, which is the "Healthcare Marketplace" with ACA subsidies.
Your subsidy, if any, will depend on your income. Up north my subsidy covered 100% of my premium, and I was able to get a really great health care plan with it.
Down here, it covered all but $200 of my monthly premium, but the best plan I could find wasn't all that great. It changes every year, our income has changed every year. This year the premium was only $17/month. Until hubby went on Medicare because he turned 65. Now, not only does he have to pay HIS $170 premium out of his social security check, I have to pay $150 for the same plan I had last month for only $17.
So this year, he gets a much better plan, comprehensive, with fitness center membership, a quarterly deposit into an OTC payment card, and so on. And I'm stuck with sub-par health care for almost 10x as much as we paid only a month ago.