Some quick thinking Americans may conclude that since they are entitled to a big tax credit based on their income, why not enroll in the most expensive health plan option offered through a marketplace, especially since their cost is limited to 9.5% of their income with the “government” paying the rest.
Well, some quick thinking bureaucrats beat you to it. The government tax credit is based on the silver plan so let’s say you are entitled to a credit of $3,000 and the silver plan costs $7,000. That means you pay $4,000. But if you enroll in a gold plan that will cost $9,000, you pay $6,000. Gotcha!
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