pb4uski
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
In many states it might not even need to be a lady. 
I hate to rain on your parade of rug rats, but they (exemptions) and all schedule A deductions are after MAGI. You HSA and CG losses are before.....
Yes, but FPL is based on family size so the hurdle would increase and his income would not. But his headaches would.![]()
I know personally we have over $350,000 that has already been taxed...I could pull it out of the CDs, Ibonds, and a few of the index funds with no tax due. In other words, I could provide a $50,000 income stream for the next 7 years on already taxed money...qualifying me to be on Medicaid if I wanted.
Best check the asset limitation in WA state before contemplating that move.
I just wanted a subsidy, not Medicaid, but I was under the impression that asset testing was being eliminated under Medicaid expansion and ACA. Do you have other info?
I stand corrected. I have been living under a rock. I did not realize until now ACA was intended to allow multi-millionaires a way to milk the system by receiving "free" medical aid by jockeying their assets and going on MEDICAID.![]()
I met a woman who is part of the team drafting NY state's health care exchange. She said the IRS has stated that they will not allow any other agency access to their records, so for now at least, providing income information for the purpose of exchange subsidies is completely on the honor system (unbeknownst to anyone).