‘It’s a double-edged sword’: My husband got a $42,000 bonus. Will it wipe out our Affordable Care Act subsidy?

A couple received a $42,000 bonus that may reduce their eligibility for Affordable Care Act subsidies, as household income affects subsidy calculations. According to reporting, they were advised to consider returning the bonus and taking out a home-equity loan instead to preserve their subsidy eligibility. ACA subsidy amounts are based on projected household income and adjusted gross income thresholds set annually by the federal government.

Next story