Spokane2303
Recycles dryer sheets
I'm in a state that has embraced the expanded Medicaid for 2014. Medicaid in our state is a decent system and actually uses some of our current doctors.
Currently We're living off of our savings and investments and can easily control our MAGI income. We're also in our mid to late 50's.
So why wouldn't we choose the Medicaid option for 2014? It would appear that we can easily convert to a policy on the exchange at anytime during the year if we become really sick or find that Medicaid isn't serving our needs by just doing a large enough Roth conversion to disqualify ourselves from Medicaid and then still be qualified for a PPACA subsidy.
Am I missing something obvious?
Before someone jumps in upset about this "gaming" of the system, I find this no different then a millionaire taking full advantage of the tax code to minimize their taxes. We didn't write the law, we're just going to follow the letter of the law.
Currently We're living off of our savings and investments and can easily control our MAGI income. We're also in our mid to late 50's.
So why wouldn't we choose the Medicaid option for 2014? It would appear that we can easily convert to a policy on the exchange at anytime during the year if we become really sick or find that Medicaid isn't serving our needs by just doing a large enough Roth conversion to disqualify ourselves from Medicaid and then still be qualified for a PPACA subsidy.
Am I missing something obvious?
Before someone jumps in upset about this "gaming" of the system, I find this no different then a millionaire taking full advantage of the tax code to minimize their taxes. We didn't write the law, we're just going to follow the letter of the law.