I'm 64, semi-retired. I collect rents for an income, and have qualified for tax credits through the ACA for several years, it has been great for me. This year, a storm blew a neighbor's tree onto one of my rental units, demolishing the duplex. I am now without that income it was bringing.
The insurance company paid me what it was covered for, which my accountant then said put me over the income limit to receive any tax credits. The insurance company insisted insurance claims were not taxed as regular income, and would not jeopardize my health insurance coverage, but my accountant disagreed.
My monthly payment went from $245 to $1295, and I will be expected to reimburse the difference this spring for any payments made at the reduced rate over the year. A $13,000 swing.
The ACA now tells me I made a mistake reporting the insurance payout as income, and should appeal it. My next question, if my appeal goes my way, will it be reversed when the taxes are filed? I know that question seems insane but it's actually relevant in my situation. So I try to clarify with the IRS, and am told they won't address that question until next year, in January.
The one thing that is clear to me...with the ACA marketplace assistance my monthly premiums were $245 per month. Without, $1295. All my Republican "friends" voted to end the ACA, which would have cost me an additional $13,000 per year for my 63rd and 64th year before becoming eligible for Medicare. That's a $26,000 total they wanted me pay because of nonsense they heard on Fox news.
The ACA is a flawed system, I hope the GOP continues to pay a price for trying to tear it down rather that improve it. The evangelical support for Trump and his desire to strip health care from so many millions is something I will never understand.