Quote:
Originally Posted by TCLGirls
I cannot figure out your MAGI or your NET without you giving me
a detailed history of all your income/expenses for the past year. Only you know what your MAGI and NET is. I encourage you to compare your MAGI versus your NET to see how close they compare. For me my MAGI and NET difference was negligible.
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For any business which employs more than one person or has any other significant expenses, the difference between gross and net is a big deal. Quantitatively speaking, the largest disregard for MAGI, per the gov doc you linked, is 17%.
How many businesses have a profit margin of more than 83%? Even a self-employed musician or actor will have to pay out more than 17% to managers, agents, etc.
If the difference between your MAGI and net was negligible, and ACA helped you significantly, that means you have no real expenses or your business grosses very little and you probably were qualified for Medi-Cal already, but had simply not applied. Either that or ACA is not actually helping you, unless you had a pre-existing condition. ACA does help some people with pre-existing conditions.