Randall and Dianne Wall live in St. Louis, Missouri. Randall and Dianne are each 30 years old,
Question:
Dianne’s employer does not offer employee health insurance coverage. The Walls choose to purchase insurance through the federal exchange operating in Missouri. They are credit eligible for all 12 months in 2015.
Their premiums for coverage vary by the type of plan.
• Under a Gold plan, monthly premiums are $585 (covers 2) per month, so the annual cost of coverage is $7,020.
• The second-least-expensive Silver plan (the benchmark plan) involves premiums of $468 per month (covers 2), or $5,616 per year.
• Under a Bronze plan, monthly premiums are $390 (covers 2) per month, so the annual cost of coverage is $4,680.
What is the 2015 after-tax-credit cost of health insurance for the Walls under each of the plans described above?
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Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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