One of the legal exemptions for having an ACA plan during 2014 is considering your income bellow your tax filing threshold. Here is were my confusing arises.
For a couple filling jointly the threshold is $20300 (2014), but the FPL for a couple (household of two) was $15730 in the same year. This couple could have obtained insurance if there income was at the FPL for less than $20 a month, but according to the law they qualify for the exemption. For me this really doesn't make any sense.
I'd appreciate input on this matter, especially considering the new SEP break for those who will pay pen
For a couple filling jointly the threshold is $20300 (2014), but the FPL for a couple (household of two) was $15730 in the same year. This couple could have obtained insurance if there income was at the FPL for less than $20 a month, but according to the law they qualify for the exemption. For me this really doesn't make any sense.
I'd appreciate input on this matter, especially considering the new SEP break for those who will pay pen
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