Says I'm eligible for premium assistance and I probably subscribed to a Bronze plan (in mid Sept for coverage starting in Oct) because it was the lowest but that I should subscribe to a Silver plan.
I don't recall if I entered my income in the application process but I don't understand how they would have concluded that I would be eligible for subsidies.
After FIRE-ing in early September, along with cap gains distributions and dividends to come from my taxable account, my AGI should be well over $100k.
The email looks like boilerplate, that is not addressed specifically to me.
You are receiving this notice because you qualify for cost-sharing reductions and are not currently receiving them. To
receive cost-sharing reductions you need to enroll in a Silver plan. It is very important for you to understand the premium
assistance and cost-sharing reductions that are available to you. You cannot apply premium assistance or cost-sharing
reductions to a Minimum Coverage plan.
So I have no idea what my MAGI will be next year. I've set aside some cash and for now, I don't plan to withdraw from my retirement accounts (both taxable and retirement).
I may not withdraw from them next year either but I will obviously have cap gains distributions and dividends going forward, which may or may not result in an MAGI which is over the limit for the subsidies.
Has anyone else gotten a similar email from CoveredCA?