Re:Poll: As a founder, what is your salary?
by abalone on Tuesday January 14, 2014 @07:41PM
(#7060889)
Here's a question: For those of you who are bootstrapping making <$25K or so and live in the U.S., what are you doing for health insurance now?
I just found out that in California at least, you will be shunted to Medi-Cal, i.e. the program for people living in poverty. (At least up until now it was.)
You do not have the option of getting a subsidy for private insurance if you qualify for Medi-Cal. It is not either/or. You need to exceed a minimum income threshold for that -- and they no longer look at assets/savings to calculate that, only your income.
So, if you want a doctor that only takes private insurance, you'd have to purchase it without a subsidy. And of course, the unsubsidized market price has shot way up now. (For my plan, it doubled.)
So... what are ya'll doing? Medi-Cal? Full-price private insurance? Uninsured and taking the penalty? Haven't thought about it yet?
Re:Poll: As a founder, what is your salary?
by zaroth on Tuesday January 14, 2014 @11:03PM
(#7061599)
If your small business pays average salary less than $50k the IRS will give a 50% tax credit on employer's share of premiums of a plan purchased on the exchange.
I just found out that in California at least, you will be shunted to Medi-Cal, i.e. the program for people living in poverty. (At least up until now it was.)
You do not have the option of getting a subsidy for private insurance if you qualify for Medi-Cal. It is not either/or. You need to exceed a minimum income threshold for that -- and they no longer look at assets/savings to calculate that, only your income.
So, if you want a doctor that only takes private insurance, you'd have to purchase it without a subsidy. And of course, the unsubsidized market price has shot way up now. (For my plan, it doubled.)
So... what are ya'll doing? Medi-Cal? Full-price private insurance? Uninsured and taking the penalty? Haven't thought about it yet?