Need a positive comment and comparison and some additional comment from the two following post from myself
Question:
Need a positive comment and comparison and some additional comment from the two following post from myself and Kenna? Myself:I live in Delaware. Suppose my yearly income is $ 35,000. I will not be eligible for Medicaid. However, I will be eligible for Health Insurance Subsidy. 1) Medicaid Eligibility in Delaware: As of 2023, the income limit for a single adult to qualify for Medicaid in Delaware is between 87% and 212% of the Federal Poverty Level (FPL), which means $ 1,057 and $ 2,576 monthly. The maximum FPL for a single individual is $30,912. Therefore, if I make $35,000 annually, I exceed the income limit for Medicaid in Delaware. My income would need to be less than $30,912 to qualify. Therefore, I would need approximately $4,088 less than my current income to qualify for Medicaid (35,000-30,912). 2) Health Insurance Subsidy Eligibility in Delaware: The Affordable Care Act (ACA) provides subsidies for individuals earning between 100% and 400% of the FPL. For a single individual, 400% of the FPL is $51,040. Since my income of $35,000 falls within this range, I would be eligible for a subsidy to help pay for health insurance purchased through a health insurance exchange within
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill