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Originally Posted by Abby10
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!
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thank you Abby! Steve is continuing to search. We are having trouble finding an insurance at a discount...and of course...since we have not retired yet...we are guestimating what our income will be.
But thinking we have to pay $7000 deductible and $1300 a month is really frightening! Granted...when Steve turns 65...that will decrease...he will get medicare...and then i will be 62 and can draw social security...but the next 2 years is a bit scary!