Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Any one attempted to plan/adjust there income stream to keep as close to the 18K ACA (Obamacare) to get the max sub-subsidy on the health Plans?
People should be manipulating income streams to qualify (or not lose) these subsidies just as they do their other tax planning. Those who don't have their heads in the sand. I've seen lengthy discussions take place as far back as a year ago on this issue on other boards.
If retiring before Medicare kicks in, how do you afford health insurance?
To answer the Q, the ACA. Investigate either your state exchange or healthcare.gov for an idea on rates with your projected retirement income. Other than that, consult a good health insurance broker in your area. Area matters - a lot.
To answer the Q, the ACA. Investigate either your state exchange or healthcare.gov for an idea on rates with your projected retirement income. Other than that, consult a good health insurance broker in your area. Area matters - a lot.
and you should it by midnight tonight to get coverage for Feb 1
if you can't afford to retire with ACA subsidizes then you can't afford to retire. ;basically. There is no high out of pocket with variety of coverage choices now days. You have to pay for coverage you do not need to subsidize others with ACA. But high out of pocket is still available. That's the big change for retirees before Medicare; paying the coverage you don't need in ACA one size fits all. That is why its a wealth transfer from the middle class upwards; the more your income the more you pay for same coverage. How employers adopted is another discussion all together.
basically tex is correct . if you can't afford the policy you can't afford to retire.
i will cobra for 2-1/2 years in july. then i will be eligible for medicare. ny has extended cobra to 3 years.
while i have an obama plan it is a small business plan and the rates and terms are much better than the individual plans. marilyn is a bit older so she starts medicare in august so i will just need a single plan.
DH is on Medicare, and I get my insurance from the exchange. I had our financial guy adjust my income so as to stay off Medi-Cal, which s*cks big time (my disabled sister is stuck with it). We had to pay COBRA ($$$!!!) for a month because the people that handle my retiree health care kept effing it up, and I didn't want to risk a non-covered stretch that would cause lifetime penalties for DH's PartB and PartD.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
