Work more, get less in Obamacare
By Dan Mangan
… In New York, a family of three whose annual income totals $78,120, would pay $12,784 for the second-lower-priced silver plan on that state’s insurance exchange. After getting a $5,363 tax credit, the family’s net cost for the insurance would be $7,421.
But if the family earned even slightly more than $78,120, they would have to pay the entire $12,784 for the insurance because they then wouldn’t qualify for the subsidy.
To make up for that, the family’s annual income would have to reach $83,483, Wu said.
Read the Rest @ Look out below! Work more, get less in Obamacare.