Submitted by Suspicious-Chance322 t3_zlv6xd in vermont
ty88 t1_j09l82n wrote
Reply to comment by FishieCracker102 in VT Health Insurance question by Suspicious-Chance322
The low-premium/high-deductible plans only really make sense for people who don't need much care/meds on an annual basis. In this case, insurance is more for when something goes unexpectedly wrong. The amounts saved in premiums approach the deductible such that, if you don't have any major issues, you can save more than the deductible over time.
Of course, the income assistance is meant to bridge that gap & I'm sorry you got denied without explanation. There may be a way to recover funds incorrectly levied. Small consolation now but worth asking about.
FishieCracker102 t1_j0m3xa9 wrote
Yes! There are a few creative options to attempt to lessen my “burden.” Also, just so everyone knows (and I hope this is actually accountable): if you were denied subsidies at first, but then you do your taxes and find out you actually qualified that year, you receive the amount of the sub that you should have received in your tax refund. However, the opposite is true, and I have had experience paying back subsidies that i later no longer qualified for (due to marriage). I hope there are proper checks and balances in place with the IRS just like my appeal case worker told me!! To anyone in my or OP’s position: talk to your accountant.
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