10-01-2013, 06:06 PM
Speedy wrote:
For me, age 63, wife, age 59, son, age 21, all covered under my wife's work plan so no exchange for us.
Family taxable income last year was $80k (I was retired all year, son is a deadbeat college student.)
Under the exchange, for a platinum plan, we would pay ~$600/month. We would not qualify for a subsidy. Note that this is an estimate based on a sample plan, not an actual quote which will not be available until later today, if then given how hard the website will be getting hit.
Your income puts you just over the level of a subsidy. If you were a family of four, you would get a subsidy but it would still be small.
Still, in the individual market, paying $600/month for a Platinum plan for a 63, 59 and 21-year old is much less than a non-ACA plan. Pre-ACA, as people approach 65, individual health insurance gets really expensive.