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defiantbadgirl -> health insurance exchanges a big savings (11/12/2012 10:38:15 AM)
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According to what I read, anyone on the exchanges making between 133% - 400% of the federal poverty level will have most of their premiums, anywhere from 91% - 96% paid for by the government. If someone makes 155% of the poverty level, only 4% of their income goes to health insurance premiums meaning the government picks up the remaining 96% (100 - 4 = 96). If someone makes 400% of the federal poverty level, 9% of their income goes to health insurance premiums and the government pays the other 91%. (100 - 9 = 91). According to federal poverty guidelines, 400% FPL is $44,680 for a single person, 60,520 for a family of two, 76,360 for a family of three, and so on. Many people are spending far more than 4% - 9% of their income on health insurance.
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