Not sure if this belongs in this forum or "fire and money", but here goes.
Our original plan was to get ACA HSA plans and fund the HSA to fund LTC (at least in part.
However, now that we are reaching the end of COBRA, other thoughts and issues have come up. First DW may be eligible for a private plan which could get her much better insurance, but not ACA compatible which could trigger a "fair share fee". This plan would also not be HSA compliant.
I would likely need to buy health insurance for myself either through the exchange or directly from the insurer due to pre-existing conditions.
Now that I look closer at the ACA plans, the HSA plans have narrow in state only networks. However, for a little more $ there are PPO plans that are not HSA compatible that have broad nationwide networks.
On of the poster on these forums has noted that he gets and exemption from the insurance mandate and buys catastrophic plans in his state where catastrophic plans are note adjusted for age. My state does adjust catastrophic premiums with age...so that has little advantage for me.
So the questions... can I get away with getting an exemption for insurance, but still buy ACA compatible for me?
If we go with ACA compatible plans (more expensive for DW), would you go with HSA plans (geographically limited). I should note that we plan on travelling and doing backwoods hiking and camping.
If we go with the PPO plans, how would you suggest saving for LTC since the HSA is out of the picture? We would not be able to add to it and would loose the income reduction for the HSA contribution.
There are a fair number of moving parts in the problem. I have to commit to a short term choice shortly as cobra will be ending. Obviously I can rethink it for next calendar year.
Opinions and Insights are encouraged and appreciated.
Our original plan was to get ACA HSA plans and fund the HSA to fund LTC (at least in part.
However, now that we are reaching the end of COBRA, other thoughts and issues have come up. First DW may be eligible for a private plan which could get her much better insurance, but not ACA compatible which could trigger a "fair share fee". This plan would also not be HSA compliant.
I would likely need to buy health insurance for myself either through the exchange or directly from the insurer due to pre-existing conditions.
Now that I look closer at the ACA plans, the HSA plans have narrow in state only networks. However, for a little more $ there are PPO plans that are not HSA compatible that have broad nationwide networks.
On of the poster on these forums has noted that he gets and exemption from the insurance mandate and buys catastrophic plans in his state where catastrophic plans are note adjusted for age. My state does adjust catastrophic premiums with age...so that has little advantage for me.
So the questions... can I get away with getting an exemption for insurance, but still buy ACA compatible for me?
If we go with ACA compatible plans (more expensive for DW), would you go with HSA plans (geographically limited). I should note that we plan on travelling and doing backwoods hiking and camping.
If we go with the PPO plans, how would you suggest saving for LTC since the HSA is out of the picture? We would not be able to add to it and would loose the income reduction for the HSA contribution.
There are a fair number of moving parts in the problem. I have to commit to a short term choice shortly as cobra will be ending. Obviously I can rethink it for next calendar year.
Opinions and Insights are encouraged and appreciated.