U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected

Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by PaulDavisThe1st on Thursday October 26, 2023 @12:46PM (#38028227)

This is incorrect.

At least until the end of 2024, insurance premiums are capped via subsidies (either paid directly, or as tax credits). The computation of the cap is extremely complex, but basically: you do not pay more than 8.3% of your household AGI for your state's 2nd most expensive silver-level insurance plan.

This is not widely talked about. It was a part of the ACA, but there was a salary cap somewhere near 100k/yr. The cap was removed during the COVID19 pandemic, and this currently runs to the end of 2024.

I used to pay $1300/month for my wife and I (in our late 50s); I currently pay $440/month (annual income approx $120k).

[ Parent | on HN ]

Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by lotsofpulp on Thursday October 26, 2023 @12:59PM (#38028440)

Interesting, does that only apply if you buy via healthcare.gov?

I see the full $30k+ in annual premiums that my employer plus I am paying in my W-2 (box 12 code DD), which is money that could have been cash compensation.

[ Parent | on HN ]

Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by PaulDavisThe1st on Thursday October 26, 2023 @01:15PM (#38028670)

It does not apply (by my understanding) to employer-provided insurance. It does apply to all individually provided insurance whether purchased on exchange or not.

[ Parent | on HN ]