Quote:
Originally Posted by CathyandSteveG
Well, i wonder if that figure of $62,000 would include social security, or pension????
We are 60 and 62 and hope to retire very soon...but we will have no health insurance....so we are investigating possibilities.
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Yes. Basically, Cathy and Steve, it boils down to what your adjusted gross income is on your yearly tax return - line 37, to be exact. The subsidy is tiered depending on your adjusted gross income, but it must be $62,000 or less to be eligible for any subsidy. You can still buy insurance through the marketplace above that income, but it will not be subsidized - you pay full premium. That's what we were initially considering because buying insurance through the marketplace would have been cheaper than Cobra or going it on our own. Good luck with your search.......let's keep sharing info and knowledge!