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Old 01-26-2016, 05:03 AM   #21
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Originally Posted by Brianeboatman View Post
Do they base the ACA premiums on what you spend each year or is it calculated on your net worth, or both?


I better not die right after retiring! I've saved for years to be able to enjoy the money and time. (This is one of my fears)

Subsidy is based on income (MAGI), not net worth, fortunately.


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Old 01-28-2016, 10:01 AM   #22
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My plan is to use the obamacare website and find something with a high deductible. Like $10,000 a year, maybe more. I'd also make use of a health savings account.

I have never used my health insurance so far... I just have allergies and get a cold every now and then. *knock on wood*
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Old 01-28-2016, 10:12 AM   #23
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Originally Posted by ESRwannabe View Post
My plan is to use the obamacare website and find something with a high deductible. Like $10,000 a year, maybe more. I'd also make use of a health savings account.

I have never used my health insurance so far... I just have allergies and get a cold every now and then. *knock on wood*
better knock really hard.. never used mine.. retired. went to the ER in Nov and then again in Jan.. paid the max out of pocket 2 years in a row. GRRRRRR seriously could not believe my luck. ironically because I didn't have the huge income I'm use to, I actually hit that medical tax credit which no one ever qualifies ... oops... good thing its based on income, not assets.
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