drunarayan
Dryer sheet wannabe
I am looking at early retirement and see that there is a Health Insurance Subsidy in my state of WA. Has anyone used this subsidy? How is it working in practice?
I have included a calculator below. The subsidy amounts are hard to believe. If you enter less than $65K for income in WA for a family of 2 you get a eye-popping number of $173k for an annual subsidy amount! Is this for real?
btb. $70k for income yields -zero- subsidy.
https://www.healthedeals.com/obamacare-calculator/
Based on this, one could assume that if you kept your AGI below $65K for a family of 2 - health insurance is free? It is too good to be true.
Thanks!
I have included a calculator below. The subsidy amounts are hard to believe. If you enter less than $65K for income in WA for a family of 2 you get a eye-popping number of $173k for an annual subsidy amount! Is this for real?
btb. $70k for income yields -zero- subsidy.
https://www.healthedeals.com/obamacare-calculator/
Based on this, one could assume that if you kept your AGI below $65K for a family of 2 - health insurance is free? It is too good to be true.
Thanks!