Basically can you look at a large ACA subsidy as a return that is worth withdrawing some of your money before you reach age 65 and become eligible for Medicare? Are there any pitfalls using this strategy to significantly lower your healthcare cost in early retirement?
In my case at 63 this seems to make sense. Because we are using non taxable funds to live on, our subsidy is $1500 per month for two of us on a silver plan with low monthly premium of $250 per month. Would this substantial savings make this a viable strategy until we reach medicare age or we should rather hold on to our tax free money and hope for a better return in the future or possibly self funding long term care if needed?
In my case at 63 this seems to make sense. Because we are using non taxable funds to live on, our subsidy is $1500 per month for two of us on a silver plan with low monthly premium of $250 per month. Would this substantial savings make this a viable strategy until we reach medicare age or we should rather hold on to our tax free money and hope for a better return in the future or possibly self funding long term care if needed?