Moran and Long CPAs

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Affordable Care Act Tips

The Henry J Kaiser Family Foundation maintains an active state by state analysis of the Affordable Care Act “Obamacare” implementation at www.kff.org  and pertinent sections useful to us all include:
Tax credit subsidy
State marketplace profile : Coloradowww.kff.org/health-reform/state-profile/state-exchange-profiles-colorado/
Perspectives www.kff.org/perspectives/

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2020 Financial Changes

Hospital Insurance

$0 for most people (with 40 work credits, 10 years of tax payments).
$458 per month for people with less than 30 work credits.
$252 per month for people with 30 – 39 work credits.

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Medical provider and Durable Medical Equipment Insurance

Standard Premium: $144.60 per month for new enrollees. The rate scales up to $462.7 per month when income tops $163,000 (single filing status), and $433.4 when income exceeds $326,000 (joint filing status).

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