NY state residents:
Has anyone found the specifics (in writing) on what constitutes household income for the (non-ACA) Essential Plan?
Specifically:
Roth conversions
Capital gains
These items aren’t mentioned in what I’ve found.
Hoping to see which line on the 1040 is used so I can run scenarios this year.
Our friends have done Roth Conversions in December, reported it by phone, and still qualified the following year.
We think the income is reviewed on a monthly basis and they were told the one time income increase in the current month wouldn’t affect the following month.
My FA is encouraging me to start Roth Conversions but it makes no financial sense if we lose the no premium essential plan.
I just want to see the criteria in writing.
Has anyone found the specifics (in writing) on what constitutes household income for the (non-ACA) Essential Plan?
Specifically:
Roth conversions
Capital gains
These items aren’t mentioned in what I’ve found.
Hoping to see which line on the 1040 is used so I can run scenarios this year.
Our friends have done Roth Conversions in December, reported it by phone, and still qualified the following year.
We think the income is reviewed on a monthly basis and they were told the one time income increase in the current month wouldn’t affect the following month.
My FA is encouraging me to start Roth Conversions but it makes no financial sense if we lose the no premium essential plan.
I just want to see the criteria in writing.
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