Yup they are screwed because Trump is not going to make CMS drop cost sharing for ACA plans because he does not want to make ACA look good.
Medicaid already does not have cost sharing in most of their plans at least once you lose your job you can get Medicaid before you get sick, I hope.....I wonder if the extra 600 dollars unemployment will count towards Medicaid caps...hmmm
A lot of Gig employees qualify for subsidized ACA and Medicaid, the problem is most of them don't realize they do. They could get insurance at very low cost, almost free and free.
they do not understand those systems go off income - business expenses (schedule c)
so if an Uber driver makes 20,000 but drives 30,000 miles they get a 17,400 tax write off just on millage alone. This is before you even calculate in the standard deductions and other write offs.
These drivers also do not understand what mileage they can write off...its almost every single mile they drive even if they don't have passengers.
https://therideshareguy.com/what-to-...uber-and-lyft/
Their effective income is ZERO. They then qualify for Medicaid, Food Stamps, etc etc.
I've done a lot of education in my volunteer time and done a lot of gig folks taxes for free as part of our church services. its crazy how much in benefits they miss because no one educates them.
did the same thing for a friends "kid" who delivers newspapers and "clears" 2000 a paycheck. He paid 4k-6k in taxes the last 4 years and penalties since he was supposed to file and make quarterly payments. I did his taxes and he had an effective tax rate of 0 because he was doing over 50k miles a year + Kid + other write offs like interest on car loan, car taxes, etc etc.
We also amended a lot of his past tax returns so he is getting a shit ton of money back from the IRS now, but its basically going to go to pay off his car that is almost dead after 3 years on a 5 year loan.
That's the problem with gig economy, most of the people doing it are not educated in running a business. They don't act like business men they still act like employees.