Nice raise..... ouch

[old medic]

We figured out about this years income for ACA coverage, then the wife gets a substantial raise. She also received a longevity bonus. To keep number close, she done one time contributions to her 401K. Well in 3 different times, they did just the one time contributions, they DIDNT take out the regular % out to. So she fell 10K short of her max contribution and Cant add it to the 401K. we are about 12K over what we figured for ACA. Have maxed my HSA, started a Tira so can put some there.
any other ideas

 

[CardsFan]

Can't you put $6k into each of your tIRA's? If you are over 50 you can put up to $7.5k in each one.

 

[old medic]

That and trying to set her up a FSA at work... Cancer should be considered a life changing event....

 

[The Cosmic Avenger]

That and trying to set her up a FSA at work... Cancer should be considered a life changing event....

If they qualify for an HSA, they likely can't qualify for an FSA. I was told you can't do both.



Sincerely, SGOTI

 

[MarieIG]

What type of insurance is available through your DW's job? Is there a window to opt in?

Maybe the "bonus" was a one time event? Raise DW's contribution per paycheck to lower her income this year?

If all else fails - pay for the premium with the bonus (would you not still get some subsidy?) until you can get on wife's plan.