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Lord Harbor
Apr 17, 2005
Bruce Campbell: You've stolen my heart, but you'll never take my freedom
Nap Ghost
Anyone have a clear answer for these?

- Regarding the 30% increase following a gap, there seems to be no accounting for different levels of coverage. So could you spend a year on the cheapest possible coverage to eat the extra cost, before switching up to the insurance you really want? This is mostly in regards to young people gambling on no insurance for a decade or two, because it looks like even the minor penalty is gonna be almost nothing in the end.

- Regarding the maximum tax credit, the wording is, "The monthly limitation amount with respect to any individual for any eligible coverage month during any taxable year is 1⁄12 of" whatever payment you get, maxing out at $4,000 for a 60-year old. Does this mean that if you have a single month of expense, you only get back $4,000/12 = $333? Or is the tax credit strictly for insurance coverage, and won't contribute at all to deductables or procedures?

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