tophcfa |
09-02-2022 01:51 PM |
Quote:
Originally Posted by Michael G.
(Post 2132460)
I thought most snowbirds stayed down here for 6 months to qualify
for homestead exemption?
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There is much more to it than that, the northern states won’t let you give up residency, and let you stop paying them income taxes, that easily. Our problem is that we still have a couple years to go to qualify for Medicare. Until then we have to buy our health insurance from the state exchange of our primary residency. If we declare Florida our primary state of residency, we would have to buy health insurance through the Florida exchange and would be out of network for all of our doctors up north, which we don’t want to do. Once we turn 65, the Medicare network is national and we can declare Florida residency, get the homestead exemption, and still be able to see our existing network of doctors. Not that I want to get any older, but we are very much looking forward to that aspect of turning 65.
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