Quote:
Originally Posted by rustyp
Your income until Medicare will determine if exchanges can beat your employer deal. The exchange has you project your income for the upcoming year. The key here is definition of income. If you have a pile of after tax cash that you can live off of you can look very poor on paper but have millions in before tax accounts. I think your adviser was trying to convey this to you. Try him/her again for a more detailed explanation.
I planned for this with early retirement and went from 1800/month employer plan to 200/month from age 62 to 65. In my case the employer plan was so bad if I missed my projection the penalty I would need to pay to the exchange would be a wash.
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Did the same thing. Problem is that I had a fund which reported higher than anticipated capital gains(income) and I went from $200 a month to $800 a month. Next year was on Medicare and best insurance I have ever had.