Lower Your Income to Qualify for Obamacare Cash

That’s what I plan to do since “my mama didn’t raise no fool!” Cool

People whose 2014 income will be a little too high to get subsidized health insurance from Covered California next year should start thinking now about ways to lower it to increase their odds of getting the valuable tax subsidy.

‘If they can adjust (their income), they should,’ says Karen Pollitz, a senior fellow with the Kaiser Family Foundation. ‘It’s not cheating, it’s allowed.’

Under the Affordable Care Act, if your 2014 income is between 138 and 400 percent of poverty level for your household size, you can purchase health insurance on a state-run exchange (such as Covered California) and receive a federal tax subsidy to offset all or part of your premium.

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