GOP Recommends Americans Set Aside Income From One Of Their Jobs To Pay For Healthcare Under Bill
WASHINGTONIn an effort to address concerns about the affordability of coverage, Republican congressional officials advised Americans Monday to set aside the income from one of their jobs to pay for healthcare costs under the newly introduced American Health Care Act.
Under this bill, you would simply set up a separate savings account for the total earnings from one of your jobs, which will ensure that you can comfortably cover your healthcare expenses each month, said House Speaker Paul Ryan, adding that the GOPs proposed Affordable Care Act replacement would keep healthcare costs for the average American from exceeding the entire salary of one full-time job.
If you budget things correctly, youll have plenty of money left over from your other job or jobs to spend on food, rent, and any other personal expenses. In some cases, healthcare will even be low-priced enough to afford using only the income from a part-time side job on the weekends. The important thing here is that this legislation will allow Americansnot the federal governmentto decide for themselves what kind of healthcare they want and how many jobs they choose to have in order to pay for it.
Ryan also recommended that in order to be prepared for the added costs of a sudden medical emergency, Americans should create a dedicated savings fund using the money from at least two of the mortgages on their homes.
http://www.theonion.com/article/gop-recommends-americans-set-aside-income-one-thei-55515
The Velveteen Ocelot
(115,806 posts)dchill
(38,516 posts)Igel
(35,337 posts)On the other hand, in preparation for the ACA my health insurance plan was cancelled, and the one closest to it cost a few hundred $ more per month.
The next year the premium increased as they fine-tuned the features.
I make $53k/year. At least that's what I think I make. My reportable salary to the IRS for tax purposes is under $30k, between health and retirement deductions. And before taxes. My wife makes out a bit better--my salary pays for my insurance and our son's. Cuts down on the tax bill, to be sure. It's the kind of thing that makes it look like we pay something like 3-5% for federal income tax. (I know, I'm supposed to say "35%" is what I pay because that's the highest marginal tax rate. I'm numerate, what can I say.)
Then again, if they make health insurance payments obligatorily taxable, it's going to be a big hit to our bottom line. (And, no, I don't pay FICA. I think I pay Medicare tax.)
oberliner
(58,724 posts)That would be courteous.
Zorro
(15,748 posts)oberliner
(58,724 posts)Maybe consider doing so.