I left my job in July of this year to manage our properties full time! Yeah! This morning, I renewed our ACA insurance. We received subsidies in 2015 because of my "job" income. For 2016, if I list our MAGI, we don't qualify for anything and our children can get Medicaid. Our premium is over $1,000 for regular coverage. (vs $450 for covering all 4 of us) NC didn't expand Medicaid. Do I need to find something to increase our income to $25K in 2016? At this point with our income, we won't qualify to receive any subsidies - which would be nice to reconcile with at tax time IF for some reason our estimates are wrong.
If I can increase our (MAGI) income to $25k, our premium is @ $45/month! What do I do????? Since we own rentals, our income is under $10,000. Is this all just really a blessing in disguise? Am I missing the benefit here?
AND...I have spent so many HOURS trying to get everything sorted out, sending in documentation, not getting the correct coverage (lax communication btw healthcare.gov and United Healthcare), mixed up premiums......I have been in tears many times over the frustration of it all!!!