For traditional Medicaid, yes. For ACA expansion Medicaid, no.This does not apply to us, but can Gov. look into assets for medicaid?
For traditional Medicaid, yes. For ACA expansion Medicaid, no.This does not apply to us, but can Gov. look into assets for medicaid?
Riddle me this one.
DW and I have a GREAT ACA Plan for 2018. I am 64, DW is 59. For 2019 I will be eligible for Medicare January 1st, DW will be 60 then.
How will MAGI be calculated for DW for the ACA? Anyone Else in a Similar Situation?
1) Do we still file as Married filing Joint, if so, is DW MAGI 50% of our combined MAGI?
2) Will I have to do some fancy dancing with income?
Yeah whether one partner is on Medicare or not has nothing to do with ACA MAGI or subsidies.
Riddle me this one.
DW and I have a GREAT ACA Plan for 2018. I am 64, DW is 59. For 2019 I will be eligible for Medicare January 1st, DW will be 60 then.
How will MAGI be calculated for DW for the ACA? Anyone Else in a Similar Situation?
1) Do we still file as Married filing Joint, if so, is DW MAGI 50% of our combined MAGI?
2) Will I have to do some fancy dancing with income?
I just ran that scenario through the Covered California site, put in $62K (under 400% FPL) for household income and one spouse on Medicare and one not and the non-Medicare spouse still was shown as entitled to receive subsidies.
Thanks, I did it on the HC.gov site and put my age at 65. It still offered Family plans not individual. It may just be the site Calc.
Thanks, I did it on the HC.gov site and put my age at 65. It still offered Family plans not individual. It may just be the site Calc.
This is the best way to reduce magi and still have enough money to live. You also need to watch what you invest in as some funds give off excessive income and that is not good for the ACA. I also have kept my income just above the poverty level for maximum subsidies and cost sharing. You need to build up a post tax account if you are still working. If you are retired, it is difficult to build up a post tax account without taking it out of a deferred account.