Thursday, June 27, 2013

Despite the The End Of DOMA, Obamacare Will Keep Some from Marrying

But people who will be eligible for coverage under Obamacare starting next year may want to consider all the financial consequences of marriage.

"Same-sex partners with similar incomes may lose out," says Brian Haile of Jackson Hewitt Tax Service, who sent this memo around today.

For example, Haile says, same-sex partners who each have an income of $40,000 may be eligible for the premium assistance tax credits under the Affordable Care Act, but only if they remain single.

If they marry (in those states that allow same-sex marriage), then they would lose eligibility because their income would be over the threshold for a household of two.