OBAMACARE: Pays not to work
Be careful you don’t fall off the Obamacare “cliff” when the boss asks you to put in some overtime.
Working more could ultimately mean thousands of dollars less for you
under a quirk in the new health-care law going into effect this fall.
This could prompt some people to cut back on their hours to avoid losing
money.
“Working more can actually leave you worse off,” the price-comparison siteValuePenguin.com notes in a new analysis.
“It’s sort of an absurd scenario,” said Jonathan Wu, ValuePenguin.com’s co-founder. “It’s something for people to be aware of.”
In that scenario, an individual or family whose annual income
surpasses maximums set by the federal government—if only by $1—will
totally lose subsidies available to buy health insurance under the
Affordable Care Act.
The loss of those subsidies in some cases will mean that people
potentially would have been better off financially if they had worked
less during the year, Wu said. And they then would have to work
significantly more to make up for the lost subsidy.
…
SURVEY: Many Disability Recipients Admit They Could Work
Recipients of federal disability checks often admit that they are
capable of working but cannot or will not find a job, that those closest
to them tell them they should be working, and that working to get off
the disability rolls is not among their goals.
More baffling, most have never received significant medical treatment
and not seen a doctor about their condition in the last year, even
though medical problems are the official reason they don’t work. Those
who acknowledge they’re on disability because they can’t find a job say
they make little effort to find one, according to a Washington Examiner analysis of federal survey results.
Unearned disability, called SSI, is for individuals who have
petitioned to be classified as disabled. Many of them have never worked
and have never paid into Social Security. Earned
disability, or SSDI, is for those who have held jobs for significant
periods of time and paid at least partially into Social Security before
becoming disabled.
http://washingtonexaminer.com/exography-many-disability-recipients-admit-they-could-work/article/2533626
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