ACA PTC Cliff Extension?

[TickTock]

I have been looking for any news on discussion/legislation extending the PTC cliff that expires after 2025, but my search-fu has come up empty.

Is anyone aware of any chatter on this subject?

 

[Aerides]

Chatter will be meaningless until after November.

 

[TickTock]

You're right. It just disappoints me that it doesn't even seem to be on the (internet) radar.

 

[flyoverstate]

Depending on the results of the election, the ACA may not even exist in 2026. No more cliff, you'll just start at the bottom of the canyon and climb out on your own. And I doubt there will be any discussion until early 2025, after the new group of "servants" is sworn in, regardless of who wins what.

 

[GenXguy]

Depending on the results of the election, the ACA may not even exist in 2026. No more cliff, you'll just start at the bottom of the canyon and climb out on your own. And I doubt there will be any discussion until early 2025, after the new group of "servants" is sworn in, regardless of who wins what.

Well, we can't discuss politics.

 

[Exchme]

My prediction is no politician wants to hear from constituents that went just a few $ over a cliff and lost thousands in premium credits so it will be extended.

 

[flyoverstate]

My prediction is no politician wants to hear from constituents that went just a few $ over a cliff and lost thousands in premium credits so it will be extended.

My spouse is subject to the Social Security GPO and WEP provisions, which will cost them potentially hundreds of thousands of dollars if they live long enough. Trust me, the politicians do not care.

 

[TickTock]

If ACA goes away and nothing replaces it, our backup plan is DW's retiree medical insurance from megacorp. This was a major factor in providing us confidence to FIRE.

 

[AZsniper]

I have not seen much on this yet, not sure if anyone else has. I am retiring this year and it would be a big deal if the current subsidies (cliff) were extended. Has anyone else see anything?

 

[COcheesehead]

Can’t be any worse than our first year on Cobra. That was a mistake. My wife will go on Medicare next year so it will only be me looking for a policy. I am prepared to pay.

 

[Aerides]

I have not seen much on this yet, not sure if anyone else has. I am retiring this year and it would be a big deal if the current subsidies (cliff) were extended. Has anyone else see anything?

afaik from paying attention to the budget recon bill, there is no mention of this at present. And given the current makeup in washington, I would bet against anything along these lines.

 

[jim584672]

My guess is 99.99% it will not be extended.

 

[CalBird]

If it’s not extended, some states like CA may do something on their own to cover it.

 

[imjustawarrior]

When I retired, it was take the retiree health now or never. I chose the retiree health because it was only $2k more than an ACA plan and much better than an ACA plan. I also saw it as lower risk than going with ACA. Large Roth conversions do not play well with PTCs.

 

[Aerides]

When I retired, it was take the retiree health now or never. I chose the retiree health because it was only $2k more than an ACA plan and much better than an ACA plan. I also saw it as lower risk than going with ACA. Large Roth conversions do not play well with PTCs.

Had that been my option, I would just for the consistency. But I would have had to stay working another 9 years to qualify, so nope!

 

[Flieger]

If it’s not extended, some states like CA may do something on their own to cover it.

They may, but that certainly won't help their deficit and debt situation.

I'm hoping for a miracle in congress (meaning they do something).

Flieger

 

[AZsniper]

When I retired, it was take the retiree health now or never. I chose the retiree health because it was only $2k more than an ACA plan and much better than an ACA plan. I also saw it as lower risk than going with ACA. Large Roth conversions do not play well with PTCs.

What a blessing. When I started in 2001, I was promised the same health insurance as a retiree. In 2010, that benefit was cut....... what a difference that would have made!

 

[CalBird]

They may, but that certainly won't help their deficit and debt situation.

I'm hoping for a miracle in congress (meaning they do something).

Flieger

If it’s not extended, it would become more costly for Roth conversion.

 

[Alex The Great]

Hope nothing will change for low income folks at 150% FPL like myself. Otherwise, there are just two options left: get back to work or move out of country. With pre-existing condition I have, nobody in their right mind would sell me the health insurance.

 

[TickTock]

Alex The Great,

You'd get less subsidy. 150% FPL goes from 0% to 4.14%.

How much more will YOU pay if #AmRescuePlan subsidies AREN'T extended?

For years now, I've been a tireless advocate for dramatically expanding & improving the Affordable Care Act's Advance Premium Tax Credit (APTC) formula. This is the table which determines a) just how generous the ACA's health insurance premium tax credits are at different income levels and b)...

acasignups.net

 

[jim584672]

Looks like CMS is considering funding the CSRs in the Silver plans. This will lower subsidies for all plans because a lower priced Silver lowers the subsidy for all, the Silver sets the benchmark. No more "Silver loading"?

Silver Loading coming full circle? Republicans may be about to damage the ACA in the most ironic way...

Over at Evensun Health, Wesley Sanders has written about two new bulletins from the Centers for Medicare & Medicaid Services (CMS) which, if followed to their conclusion, would cause massive changes to how ACA individual market policies are priced and marketed...along with dramatic changes to...

acasignups.net

 

[AZsniper]

Everything I have seen on the new legislation has not mentioned an extension of the ACA subsidies that were instituted with the American rescue act. Anyone else?

 

[zinger1457]

Actually the latest budget reconciliation proposal submitted is based on cost savings from the ACA enhanced subsidies expiring. It is just a proposal at this stage but it does show what the intent is, and since it goes away if nothing is done I'd say the chances of it being extended are not good. If I was still on ACA I would definitely be planning on the enhanced subsidies not being there after this year.