Mr. Paul
Recycles dryer sheets
Well for crying out loud
We are 59 and our plan has been to live off savings, spending about 60K per year, until being eligible for SS at 62. We had virtually no income in 2012 and expect the same for 2013.
Our Anthem individual health care premium is going from $1374/mo to $1696/mo next year (Anthem rep said "looks like your premium is going up a bit for next year" )
Our assets make us ineligible for Medicare. Our lack of income makes us ineligible for a subsidy.
However if we take $22,000 from our IRA next year, that apparently will put us just above the poverty level and qualify us for a 95% subsidy on an ACA plan. That is working the system ... but the alternative is spending nearly $55 PER DAY next year on a 5K deductible health care policy.
We are 59 and our plan has been to live off savings, spending about 60K per year, until being eligible for SS at 62. We had virtually no income in 2012 and expect the same for 2013.
Our Anthem individual health care premium is going from $1374/mo to $1696/mo next year (Anthem rep said "looks like your premium is going up a bit for next year" )
Our assets make us ineligible for Medicare. Our lack of income makes us ineligible for a subsidy.
However if we take $22,000 from our IRA next year, that apparently will put us just above the poverty level and qualify us for a 95% subsidy on an ACA plan. That is working the system ... but the alternative is spending nearly $55 PER DAY next year on a 5K deductible health care policy.