This is a good summary. We have already discussed some of these issues on METAR.
Wendy
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nice summary, at this point in time. It’s good to know that the United States is on such solid financial footing that tax cut goodies in this bill are given to everyone. #sarcasm
I will no longer concern myself with the national debt, as the fiscal conservatives in charge sure are not worried about it. #more sarcasm
For those not on Medicare, the “enhanced” ACA tax credits go away. So that could be an expensive deal for younger people who have to buy their health insurance in the marketplace. I’m guessing that losing the subsidy for healthcare will trump the tax savings due to the other provisions in the OBBBA.
This link shows Federal Poverty levels, as of January 15th, 2025, and 4x FPL determine subsidy eligibility:
( the title of the link says it’s for Medicaid eligibility, but I assume these FPL’s are the same for ACA subsidies )
Federal Poverty Guidelines / Levels for 2025 & Their Relevance to Medicaid Eligibility
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"However, one thing the bill IS changing about the
ACA is that, starting in 2026, all bronze and
catastrophic plans purchased on the ACA exchange
will automatically be treated as qualifying for the
policyholder to contribute to a Health Savings
Account, or HSA. Currently, most bronze and
catastrophic plans on the exchange don’t meet the
requirements to qualify the holder for HSA
contributions. That will change starting next year. "
The ACA subsidy cliff will be back: MAGI more than 4x FPL and it’s no subsidy for you. However, HSA contributions reduce MAGI and might help us to stay below 4x FPL to qualify for subsidies.
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