Hypothetical Health Care *ACA* Question
John Doe is single & chooses ER @ age 59.5
He has to purchase his own healthcare insurance.
He has a pension of $3,000.00 per month.
His lifestyle requires around $4,000.00 per month, so he takes a distribution of $1,000.00 per month from his ROTH 401-k/IRA.
Since it's a ROTH, he will not have to pay taxes on the 12-k
Will the ROTH IRA/401-k income be counted according to the ACA (Affordable Care Act) when he's shopping for insurance & checking if he's eligible for any subsidies ?
If memory serves, the cut-off for a single person is around 45k
(a single person making 45-k or more per year isn't eligible for any subs)
Thanks in advance!