BoodaGazelle
Recycles dryer sheets
- Joined
- Mar 1, 2017
- Messages
- 284
DW and I are now on an ACA subsidized plan. We now pay about $300 for a decent Florida Blue plan, vs. the $1034 per month previously on COBRA.
Although I believe I have estimated my 2019 income pretty exactly, and I understand that if something changes, I will make up the difference when I do my taxes, I was wondering if anyone else had actually seen this happen, due to some unexpected income or the like.
In my case, my only change would be if I decided to do a Roth conversion for, say, $10K, my income for ACA purposes would mean that I would have received a smaller subsidy.
Is there any downside to doing this, and letting the difference in healthcare subsidy be paid when I do my 2019 taxes?
Although I believe I have estimated my 2019 income pretty exactly, and I understand that if something changes, I will make up the difference when I do my taxes, I was wondering if anyone else had actually seen this happen, due to some unexpected income or the like.
In my case, my only change would be if I decided to do a Roth conversion for, say, $10K, my income for ACA purposes would mean that I would have received a smaller subsidy.
Is there any downside to doing this, and letting the difference in healthcare subsidy be paid when I do my 2019 taxes?