Oh SNAP!

[Delldude]

SUN is out. Why is this guy not working? See it all the time. There are roofs to be shingled, gutters cleaned, houses to paint. Yet so many just roam the streets looking for victims or a scam to run.

This one is on EBT. why?

Al Roker?

 

[leftwinger]

If True? Winning a little bit each day.

 

[leftwinger]

For example, a one-person household would lose ACA subsidies in 2026 if the individual’s income exceeds $62,600. The threshold is $128,600 for a household of four.

The financial impact of the cliff will vary based on age, geography and income, according to a recent analysis by Shameek Rakshit

 

[leftwinger]

Before 2021, households with incomes at or below 400% of the federal poverty line were eligible for subsidies. Anyone earning more — even $1 more — was ineligible. Those individuals had to pay the full, unsubsidized ACA insurance premium.

But Congress passed legislation during the Biden administration that made the subsidies more generous and eliminated the subsidy cliff.

But that cliff will come back in January, absent congressional action. Its return could amount to a huge financial shock for households that lose premium tax credits as a result, financial advisors said.

“It’s one of those phantom taxes that has a tremendous impact,” said Tommy Lucas, a certified financial planner and enrolled

 

[leftwinger]

About 1.5 million people — roughly 7% of all ACA enrollees — had incomes over 400% of the poverty line in 2024, according to the Centers for Medicare and Medicaid Services.

Households at risk of losing the subsidies should “do everything to stay as far away from that cliff as possible,” Lucas said. “You don’t want to put your toes up to that cliff and play with it.”