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Does It Pay To Work Less Under Obamacare?

Health Insurance topics including Obamacare & Health Insurance quotes

Does It Pay To Work Less Under Obamacare?

Postby Edwy » Mon Oct 09, 2017 12:37 am

Look out below! Work more, get less in Obamacare 'cliff'

Be careful you don't fall off the Obamacare "cliff" when the boss asks you to put in some overtime.

Working more could ultimately mean thousands of dollars less for you under a quirk in the new health-care law going into effect this fall. This could prompt some people to cut back on their hours to avoid losing money.

"Working more can actually leave you worse off," the price-comparison site ValuePenguin.com notes in a new analysis.

"It's sort of an absurd scenario," said Jonathan Wu, ValuePenguin.com's co-founder. "It's something for people to be aware of."

In that scenario, an individual or family whose annual income surpasses maximums set by the federal government?if only by $1?will totally lose subsidies available to buy health insurance under the Affordable Care Act.

The loss of those subsidies in some cases will mean that people potentially would have been better off financially if they had worked less during the year, Wu said. And they then would have to work significantly more to make up for the lost subsidy.

More at:

http://www.cnbc.com/id/100921864
Edwy
 
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Does It Pay To Work Less Under Obamacare?

Postby Bertold » Mon Oct 09, 2017 1:23 am

It doesn't pay to work more!
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Does It Pay To Work Less Under Obamacare?

Postby Audrick » Mon Oct 09, 2017 10:43 pm

Obviously it would be best if you were completely unemployed when you get sick or injured. That way you won't have to take so much time off of work.
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Does It Pay To Work Less Under Obamacare?

Postby Dierck » Tue Oct 10, 2017 1:40 am

Obama is either trying to or has already passed a law that says employers don't have to pay you time and a half anymore. It's ridiculous. I can tell you what I'm not working overtime anymore.
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Does It Pay To Work Less Under Obamacare?

Postby Bursone » Tue Oct 10, 2017 5:40 pm

I want some of that Obama socialism just to destroy the system from the inside. I can fend for myself easily but need to get on welfare to put pressure on the system.
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