- Joined
- Jul 1, 2017
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While you have a fair point, I see a big difference between someone that manages their income for ACA purposes to receive a $800/monthly or $9,600 annual benefit for a few years between ER and Medicare at 65 vs someone who gains a $120k benefit annually for 3-10 years.
The other difference is that to manage income all one needs to do is to withdraw from taxable rather than tax-deferred whereas for Medicaid planning you need to set up irrevocable trusts, retitle assets into the trust, etc. Big difference IMO.
FWIW, I haven't done either... I chose not to take ACA subsidies so I could do more low tax cost Roth conversions and I will not do Medicaid LTC planning either even though our heirs might benefit significantly.
We've always paid our own bills and will continue to do so as long as we have money to pay them.
I reserve the right to respectfully disagree with this line of reasoning. IMHO taking subsidies from either program should be based upon genuine need. (No, we've done neither.) Obviously, YM does V.