Yesterday was the last day of the Obamacare open enrollment period for 2015, and now as we transition into tax season, people are starting to learn that those amazing subsidies that at last made health insurance “affordable” for so many weren’t exactly carved in stone.
https://twitter.com/KristinaRibali/status/566327486942683136
A piece published Friday evening at CNN Money entitled “I have to pay back my Obamacare subsidy” relays stories of sticker shock by those who saw their generous subsidies all but disappear. The first involves Los Angeles resident Janice Riddle.
The Los Angeles resident had applied for Obamacare in late 2013, when she was unemployed. She qualified for a hefty subsidy of $470 a month, leaving her with a monthly premium of $1 for the cheapest plan available.
Riddle landed a job in early 2014 at a life insurance agency, but since her new employer didn’t offer health benefits, she kept her Obamacare plan. However, she didn’t update her income with the California exchange, which she acknowledges was her mistake.
Now, she has to pay back the entire subsidy, which is forcing her to dip into her savings.
CNN reports that “53% of Jackson Hewitt clients who received subsidies have to repay part or all of it, with the largest being $12,000.”
"53% of Jackson Hewitt clients who received subsidies have to repay part or all of it,"http://t.co/wiQZTe48qw
— Phil Kerpen (@kerpen) February 13, 2015
https://twitter.com/TheFiveOnFox/status/566676597118611457
"Some Obamacare enrollees who have to pay back their subsidies are now thinking twice about enrolling for 2015." http://t.co/BdZ1yhVEiR
— Dan McLaughlin (@baseballcrank) February 15, 2015
From cancellations to higher premiums to payback of subsidies, the Obamacare nightmare continues for millions.
@bradleypw my cousin who Loves Obama is in a rage over having to repay subsidy for Obamacare. Trade offs and fine print are a bitch.
— Ralph Malbrough (@SaintsForecast) February 16, 2015
This #ObamaCare is Bullshit I will just pay out of pocket thank u !Spent my Sunday trying to figure it out ! No thanks ! Fine me
— miss_junebug (@ibeautydallas) February 15, 2015
Today is the deadline to get #Obamacare , or pay a fine doubled from 2014 – or 2% of your income. Elections have consequences, pay up!
— Paul Walker (@PKWalk) February 15, 2015
Not usually a last minute person but screw this Healthcare Marketplace. Nothing works. I'll just take another fine. ?? #heated #Obamacare
— Tanya J. Heath (@livetheshowtyme) February 15, 2015
https://twitter.com/JewelzSB84/status/567065148628959233
hope yall got sum #obamacare if not dat ass will be penalized on nxt yr taxes
— iAintshit? (@AintShitNiggah) February 16, 2015
https://twitter.com/maryannwinck/status/567126227933077504
https://twitter.com/Potatobombshell/status/567404664753119232
#ILoveObama …….. my #ObamaCare went up $623/month this year PLUS I had to pay $3897 for a penalty this year….. WOOOOOO HOOOOOO
— ~??*??*The Bitch*??*??~ (@RspctNoRspct) February 16, 2015
https://twitter.com/CSaundra/status/557699245269348353
I'm so sick & tired of Government taking the money I worked so hard to earn Giving up so much to get To subsidize Obamacare 4 LOSERS
— KGarrison (@kgarrison) February 16, 2015
https://twitter.com/isaias_banuelos/status/567142104514564096
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