Side Effects: Stay Single and Save 15 Percent or More on Health Insurance
Kathryn Nix /
No, this isn’t a Geico commercial. Come 2013, America’s bachelors may want to think twice before popping the question. Thanks to Obamacare, some couples can save thousands on health insurance just by opting to cohabit rather than marry.
How? The subsidy system erected in the complicated new health law manages to create a brand new “marriage penalty.”
Under the law, individuals who earn between 133 and 400 percent of the federal poverty level and can’t get health coverage through their employers qualify for generous subsidies to buy insurance in the government-run exchanges. These subsidies decrease with need, so the more you make, the less you get. (more…)