Monday, August 19, 2013

ObamaCare’s Marriage Penalty

Federal law already discourages marriage via welfare payments to single mothers and higher tax rates for married couples. And starting in January, ObamaCare will pile on one more disincentive to tying the knot: higher health insurance costs for couples who marry.

The healthcare law’s individual mandate requires every American to have health insurance or pay a tax penalty. Those whose employers do not offer “affordable” coverage must obtain coverage on their own.

Depending on one’s income level, coverage not obtained through an employer may be subsidized, in whole or in part, by the federal government. Households with incomes under the Federal Poverty Level (FPL) will be covered by Medicaid. Households with incomes between 100 percent and 400 percent of the FPL will be given subsidies in the form of refundable tax credits to help offset the cost of private coverage. Everyone else will have to pay his own way.

http://www.thenewamerican.com/usnews/health-care/item/16352-obamacare-s-marriage-penalty 

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