- Joined
- Dec 20, 2009
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- 75,671
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- Conservative
That's because you are filing a 2013 tax return.
Yes. And I am filing it in 2014. Hence the "previous year". The subsidy I receive in 2014 will be based on the income I earned in 2013, because that is what I will have to put in the system when I apply.
That's not what I understand it to be. You pay the premium, the USG refunds a portion of your premium, to you, as a tax break in your return.
I do not think that is correct.
It's not a full year up front, it's a monthly premium. Still, people not used to paying a premium, because they can't afford to, are going to have trouble paying it regardless of the year end refund.
If I am a couple with two kids making $35,000 a year, and I sign up in Dec 2013 based off of my 2013 income, and I have to pay for insurance for all of 2014 before I get the subsidy in April of 2015 - there is no way I'm going to be able to afford the the sky high premiums in the meantime. Therefore, in November of 2014 (before I get my subsidy, but after I have been economically ruined) I'm going to vote Republican no matter who I am. I cannot imagine the Democrats would be that deliberately suicidal.