Once the 'new' tax credits start in 2020, if your premium is less than the credit you can direct the excess credits to an HSA account even if the health plan is not HSA eligible.But I wonder if you have to have a high deductible plan to contribute to HSA account.
Regular HSA contributions will still require an HSA eligible HDHP that meets current guidelines. The proposed bill does not change the qualifying criteria of an HSA eligible HDHP. An amendment to the bill could change this.
Medicare does not 'go away' when the Part A Trust Fund runs out. They will still collect payroll taxes (Part A) and premiums (Part B) beyond that point. Those revenue streams will allow Medicare to meet most of its Part A obligations and all of its Part B obligations after that time.The current proposal hastens the Medicare Trust Fund exhaustion by about 4 years.(snip) I just noticed that means the trust runs out of money before instead of after I qualify, and long before my wife qualifies. If I have to adjust our budget for no Medicare I should probably be working on my resume not posting here.
In their 2016 report, the Medicare trustees project that the HI Trust Fund (Part A) will be exhausted in 2028. At that time, HI (Part A) would continue to receive tax income sufficient to pay for 87% of Part A expenses.
Because of the way it is financed, the SMI Trust Fund (Part B) cannot become insolvent.
Reference: https://fas.org/sgp/crs/misc/RS20946.pdf
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