Great information! I retired last year at 62 and have been on ACA since and pay $28 a month. I had gallbladder surgery at the beginning of this year and the only out of pocket I have had to come up with including all meds and Dr visits + surgery this year was the $1400 deductible. If not for ACA, I would have a huge hospital bill to be paid off! I did a lot of research before I retired to be sure I could get reasonable coverage. Thanks for sharing this! So many people are unaware of the options they have.
Hey Tim. It's nice to see a regular guy who knows how to navigate retirement. Gets old looking at "geniuses" that are talking about having a million dollars in IRAs. Appreciate the good content. Keep it coming.
There is a 90 day grace after you retire to qualify for health benefits. It's called a qualifying event. So you don't have to wait for open enrollment. Hope this helps!
About the enrollment period: If you miss the dates for open enrollment, apply for your states' Medicare program (what they give to the very poorest people) if your rejected, the Healthcare Marketplace opens back up to you. Getting rejected by any health care plan is a 'qualifying event' for the Healthcare Marketplace. Hope this helps.
I think when you leave your job it qualifies as a life changing qualifying event. It did for my wife to start her Medicare when enrollment season was closed.
Good video Tim. I retired at 62 and used Cobra for the first 18 months which as you said was very expensive. Since then I went on ACA and minimized my "income" by using available cash and SSI only. This kept my tax bracket near poverty and basically got medical insurance for $100/mo. with the tax credits.
but i will have no taxable income since all my money is roth ira distributions taking ss at 65 i guess could take ss at 63 to get some income for aca but dont want to do that
I never had a health problem in my life, then at age 61, I was diagnosed with a rare appendix cancer. I required a big surgery and a long recovery time. The cancer was removed and I continue to work and get health coverage through my job. I will work until age 66 when my wife is eligible for Medicare. Health expenses are not cheap and as you get older, you need to be prepared for expensive health problems.
I have the same issue. Healthy, productive, successful hard working people pay big taxes and high premiums, while the democrats tell us to shut up and tell us we have white priviiedge.
Your now paying for 15 million and growing replacements. That are being welcomed in daily. Keep slaving away fools. They get everything for free its hilarious.
Have you looked at other health carriers I'm 63 I pay 94 bucks a month for health and dental ins and this is with blue cross blue shield of Texas, I was paying 40 per week with my company's ins plan next I'll be looking at Medicare at 65, id like to know more about medicare
Thank you for the straightforward info on ACA. So many people do not understand it or are openly opposed to it without knowing the correct information.
Yes, but if you have a bump in income as we did via the sale of a property, you get taxed and have to repay the subsidy. So make sure you do not have something like that happen. We couldn't find a suitable replacement property so the gain counted as income. We got a $15k tax bill.
It is refreshing to watch a channel about basic day to day life. Working in some capacity as long as you can is smart. Retirement will kill you if you are not careful.
Yes even the word is not good. I don’t use the word “retirement” anymore. I prefer to call it a career transition. Retirement has synonym meanings that are NOT good. For example, if a hit man was going to “retire” you, that would be a very bad thing. And similarly, career transition can hurt you if you don’t have something that gives you a reason for waking up everyday.
your channel is helpful for the many people out there who are going to have to survive on limited resources. nobody can afford those cobra premiums that typically run about $1500/month, or more. i know people who are stuck at jobs because of the healthcare issue. further complicating this is when they are covering a spouse. i'm on medicare and the payment automatically comes off your social security. one less bill to have to pay every month.
The ACA does have an open enrollment period. However you can still apply if there has been a change in your insurance outside of the open enrollment period. My employer notified me they were dropping my plan on July 1. I applied for ACA outside of the open enrollment period, and told them of the change. I was approved immediately, and allowed to select a plan. Also, you are taxed at income tax time if you do not have health insurance. That is why ACA approves you outside of open enrollment if you have a change in your insurance so you do not face the additional tax at income tax time.
Never go without health insurance. Even a minor surgery can cost tens of thousands of dollars without insurance. A major surgery like a coronary bypass (open heart) can cost $500K.
Just show up at an emergency room without ID and claim to be "undocumented". You cannot be turned away by law and will end up getting treated for free.
Thanks Tim! 🎉Great information as we weren’t sure how health insurance works before 65. My husband is a few years older than me. If I retire at 60 he will be 65 and Medicare age. We weren’t sure how to handle things before I’m on Medicare. Miss Tammy and you go have a blessed day in that beautiful sunshine 🌞!
The Burger King in our town has a sign in the drive through that they provide health insurance for free if you are working 20 hrs per week or more. It may be an option if you want pt work.
The health insurance they provide is probably prorated rates depending on how many hours you work. More than likely still cheaper than anything else you’d find.
This is my first year with ACA. Had been on my husband's employer plan until our divorce. ACA is strict about their enrollment deadlines. I missed it and just went without it for a year. Now I pay $0 for kind of a catastrophic medical plan and $10 for dental Very high deductible but an emergency shouldn't bankrupt me. I avoid doctors like the plague. The subsidy amount may need to be reported as income at tax time so I'll see how that works out. ACA is worth checking out.
I qualify for a 1115.00 tax credit a month. I chose the BCBS Silver low deductible and max out of pocket , the premium is 1258.00 a month my cost 138.86… Tim is right ! 62 and done in 3 weeks , will do side hustles but free at last oh lord I’m free at last.
Obviously you cannot be showing much income to get a tax credit of that amount. I am 63 and retired along with my wife. We are on an "un" affordable HC plan and paying ~$700/month with 17k deductible.
@@dustyflats3832 Look if he/she is getting a 1115.00 a month tax credit it is solely based on income and not where he/she resides. I have been through this rodeo and know just about all the ins/outs of this shake down. I could carry 1 1/2 more mortgages for what I dole out each month for HC insurance. It's all good I ain't never going back to work just to pay for HC.
Retired young at 54 to take care of my parents with a pension and insurance for $400 a month, went to $600 the next year, switched to Obama care, got it back down to $400 but went up the next to $600. No insurance for years, then in 21 was able to get it for $300, paid for 2 years, let it drop due to needing major dental work, had to use the money for that. Turned 62 last month and starting SS, yeah🎉 After struggling for 8 years, i finally will be ok with 2 checks coming
Hi- word of advice....every other video on youtube that I watch giving advice regarding social security, savings, insurance, etc always state that what they are saying is just their own opinion and that they are not a financial advisor and to consult one before making decisions... I think, as much as you talk about taking social security at 62, health insurance etc., you may need to consider protecting yourself by making such a statement. There are people who really can't stop and think for themselves to do their own research t see what is best for them, do what someone on youtube says worked for them, have an issue and then want to come back and blame you for "advice" they followed. Something to consider...maybe you have a lawyer friend who can advise you. :)
You are correct. You also have to consider, and hope that a person 62 years old would have some Financial literacy and be able to decide what is best, as they have made it this far. I do realize not everyone is of the same mindset. There is plenty of help available for those who need it. If someone wants to "Blame" someone who puts out a Video for their own Financial shortcomings, that gives you an insight of the person who is doing the blaming.......not everything works the same for everyone. If you haven't figured that out by 62....not sure what to tell you.
@@jeffscott405 Yes I am and voted Trump twice! Will do so again. But I believe nobody should be without insurance. If people spent as much time worrying about all the wasted money sent overseas as the did about a small number of people getting insurance we would be much better off. Also I know GOP supporters that hated it using it. Just remember it might be you or a family member one day that falls short and needs medical. You want to loose everything to get well? To be honest most people think its free, its not you have to make a certain amount to get approved and limited on income. I hated it when Obama pushed it and once I saw what it did for people I changed my mind.
One thing you can do to lower your income is to open a tax deferred IRA and you can put up to 25% of your income in that. That won't count as income to the ACA. I have Sep IRA etc.
What other advanced nation makes their people jump through so many hoops for healthcare? Where else is healthcare so complicated and expensive? Where else is healthcare considered a privilege rather than a right? It is easy to see why no other advanced country copies the American healthcare model.
I was paying $800 month through work, cobra was out of the question. Applied for Obamacare and now pay $0 per month. Deductible is high but thankfully I'm healthy
If you have a life-changing event like losing your job or retiring, you are able to enroll in the ACA at that time you do not have to wait there is a hotline number they have counselors that will walk you through the process. Please make sure you call the proper number for the ACA.
I believe it also applies if you drop from Full Time status to Part Time status at your job, if your job doesn't offer insurance to Part Time employees.
Good info. Tim & Tammy! Being without Med. Ins., today is scary! The quickest way to "Bankrupcy"! What I have noticed is that @ 70 yo.....🩹the wheels start to fall off! 🩺 LOL Walk, watch your diet, stay away from Carbs and Sugar !!! Crush it! Cajun
If you're in a state that hasn't expanded Medicaid and your income is Medicaid level for ACA you won't get assistance for the premium because theoretically you should qualify for Medicaid. So unfortunately there are States where people cannot reasonably get insurance if they are low or no income. Some states have also done a much better job at putting their ACA group plans together while others have tried to sabotage it because politics was more important than actual people.
We have an insurance agency in our town (I'm sure they're all over) that specializes in helping you sign up for Obama Care. They will spell out all the options and how much they all cost. We got subsidized as long as our income stayed below a specific level. The same agency also guided us through Medicare and supplemental medical insurance when we turned 65. It's really not that complicated when you have someone explain it to you in everyday language and answer your questions. There was no charge to us for this service.
@@jackbean7195 It's true. We have a system that encourages a seignificant percentage of the population to not work. Biden's "Inflation Reduction Act" made it even worse. Socialism is alive and well in the USA.
Depending on which state you live in - the affordable care act can easily be out of reach. Very high premiums, very very high deductibles. For many the ACA just puts money into the insurance companies. Its terrible.
I am 58 and planning to retire at 62 and will probably use Obama Care then. I think my 'income' between the SS and a pension would be around $2400/month and with wife, that's enough 'household' income to get some great insurance through Obama Care. I can use my various real estate paid-for properties to sell them, downsize and draw some annuity to supplement income. But I am also a workaholic and so might work part time after 62. But all the plans are dependent on staying healthy--so far, I have never spent even a day in a hospital and I don't take any prescriptions at all. Fingers crossed.
Good advice given in a down to earth way. ACA program kept my family healthy and calm during the COVID years. It is unfortunate that so many people are getting kicked off Medicaid now. This shows a need for comprehensive coverage.
My routine monthly doctor visits are now billed at $954. Fortunately, I was told that I will long, normal, active life. Thankfully, I am not ill.@@bourbontraveler
I currently pay $1100/month for Obama Care . 9500 individual max, 18K family max a year, for both my wife and I. We are both 64 and both currently under treatment for cancer. Treatment started for me in 2022, I have paid deductibles in 2 calendar years. Not so affordable. Can not retire and pay premiums like that.
This is what I did starting at age 59. I took my pension which is $2800 which is a low enough income that the obamacare pays for it. $30 a month and one year it was $1 per month. But one thing they did was go from no deductible to a $3,000, then a $6,000 one. But it's still insurance. My problem is I'm now 62 but if I take that $1700 now, then I will have to pay something like $300-$350 a month which means your really only getting less than $1400. If I really needed it then yes it would still be worth it but since I don't really need it to survive I'd rather wait until 64.5, 65 and not have to pay that $350 a month for 3 years, then when medicare kicks in, I will start taking SS. Also, since I make less than 40K starting at age 61 my property taxes went from $4400 a year to $700 a year which was a program I did not know about. A senior discount.they even gave me a rebate for the year 61, and mailed me a check for $3,000. so if I take SS now, my income goes up to high and out goes that discount. So for me, not paying the extra for health insurance and not paying that property tax bill every year adds up to something like $22,000 over 4 years that I get to keep by not taking SS until 65
@@doninmichigan I should have taken the hint from your ID , I didn’t even look. 🤔I googled and Michigan didn’t even come up. South Dakota looks interesting because they will collect upon sale or passing away. Which allows the wife to remain and be stabile in a home. greedy Cali
@@bbustin1747 well, of course, it's california. I live in washington state which is about as bad, but in my county at least just north of seattle at age 61 if you make less than say 40k, it's all based on income they will lower your tax by a lot. Plus you can complain about your valuation, which I did, all I had to do was send them some photo's of my house on the inside, and say look, it's not this super fancy house here and they reduced it from $680 to like $550. which is what they base the taxes on, so I did both, but many people don't know about these programs. The local teachers unions just keep on passing levy's saying "it's for the children!" but it never ends and thus the taxes just keep going up and up. I love not paying them, for 4 years at least. Once I start collecting SS, then back to forking over my money to them
WI taxes are outrageous because of schools. It’s not right to make those without kids pay the same. Every year More $, $$$,$$$! Where does it stop? What costs so much? It’s crazy as the kids aren’t any wiser. Now they say the teachers can’t afford housing, some are driving long distances. Well, that’s what happens when they raise the wages-it raises everything else also. I’d love to tell them the schools are putting the taxes up and that’s why the rent is so high except for greedy landlords. I have no idea how anyone can afford the house prices here especially with 7+% interest now. They say most can’t buy unless they have an inheritance or make gobs of money like professors.
I am in a very similar position...I retired early (forced out) at 61 years old, two years ago and have a small pension which is a little less than yours. Between that and my interest income, my obamacare bill for me and my wife is around $90/month. If me and my wife take SS early, then we will no longer qualify for a subsidy and I'll have to go out to the private insurance market or go to Medishare and my insurance premium will jump to $1000-$1600/month. This basically wipes out my wife's SS check completely. If I can hold out until 65 (living on cash), then we can go on medicaid and the SS income will not be as critical.
I just came across your videos yesterday, thanks for doing them. I turned 59 in May and getting out at 62 is the plan, you've given me a few things to think about, thanks again.
This was pretty informative. Thanks. There are options. Hopefully it doesn’t get changed around too much. Some people get nervous about getting the government involved in their business. But, as we get older we most likely will need more medical help.
Exactly what my wife and I are doing. She is still working part-time but I retired at 56. With very little income, we qualify for, essentially, free insurance. Why does it feel like a dirty little secret? I love being retired :)
Last time I applied to ACA my premium was going to be $900/mo with not so great coverage. Impossible for me so I gave up. But I wasn’t that old. 50 something. Now 55. Just glad I’m fairly healthy so far. I don’t qualify for squat and even if I did it would cost a ton more than just winging it at clinics from time to time and paying out of pocket. I only had to go once to a clinic in the last 5 years or so for a random staph infection. And most times dental is either not covered or barely covered anyways. So I’d have to also plan that on my own as well. But maybe it will be more advantageous for me by age 62. Praying that I stay healthy at least as long as that or until I can get any decent coverage. And I’m still young enough tho. I may yet seek out a job that offers some kind of health insurance perks as well. Not all employers do tho. It’s been a long time since I’ve had that sweet job with 80/20 coverage.
I'm 63 and haven't had health insurance in years and years. I take care myself and I'm fortunate. 8 years ago I went through work to have it and they wanted 200 a week. LOL 😂, I took that money and bought more gold and silver. Just over 1 more year and I get that crappy SS insurance. Better than nothing, considering I payed for it .
@@jackbean7195 Lol. Good for you! Right? I agree. Thank you for the laughs and encouragement. 😅😅 I’m getting some rental income now but I really don’t like all the stress and aggravation that comes with it. We used to have this awesome town doctor who didn’t rip you off. And she got right to the point and took care of your stuff minimally. Aka “affordable” and no BS. She got sick tho and had to retire. There isn’t much like that around these days tho, unfortunately.
I feel for you and all of the serious folks who are getting closer to retirement age. The US healthcare system is so messed up. I’m not sure if I can retire at 62, given health care costs.
The only thing that would give me pause about the exchange is that I would need to see it in writing that the ACA insurance doesn’t act like Medicaid. With Medicaid they will put a lein on your house so they can get back the money they spent on you. If that’s the case I’ll work until I’m 65 because I’m not giving the state my house. It’s nothing special but it’s mine.
ACA is not like Medicaid. ACA premiums are income based. They don’t ask about how much money or retirement savings you have. They do review your tax returns to determine how much income you have. With Medicaid you have to apply and disclose how much savings you have (or retirement account) etc. ACA won’t take your paid for house. Medicaid will let you live in your house, and yes they will take it / file a lien if you pass.
Thank you for mentioning the “mental aspect!” You are the first SS vogler that if heard state this. I’m retiring early because I loathe my current job and do not want to start over elsewhere.
I pay like 650 a month for Kaiser for me through the county and 775 for the ACA for my wife. ACA is a joke, if your over six figures they only help me like a buck a month. Once on SS i wont pay a penny because the county will give me 700 a month to pay for part B. I sometimes think about not having insurance.
Obama Care for me and the wife. We have a basic plan and it costs us $26 per month. Yearly primary care visit and some dermatology work. Most important is that it covers any major issue like a heart attack.
I would live to retire at 62, but I have a life threatening disease and there is no healthcare plans that will cover me. If I live to 63 1/2, I'm 58 1/2, I will retire and use Cobra unti I get Medicare. 😢 The other option is that with a terminal disease, I can cash in my life insurance policy and get 75% of my benefit...around 50k. So much to think about. Depending on what I find out in a couple weeks from my scans, I may consider quiting my job and going on ssdi. So much to consider.
I have a buddy in the marina that sold his business at 61, makes ZERO dollars, lives off savings and he gets ObamaCare for $37 per month on a plan that’s comparable to the plan that he and his employees got when he owned his RV dealership. As a CONSERVATIVE this gave me brain damage. I’m sorry, but I’m thankful that it’s there as an option. We will be going that route when I retire in a year.
Being self employed i have been on the ACA and it is basically the same BCBS plans available if you are not on it. So don't think that you cannot get good insurance ont the program. HMO has been better and cheaper for me than when I had a PPO.
Hey Tim , I enjoy most of your You Tube postings something to look into as a side gig as I do here in Arizona I do piece work for Survey merchandising don’t know if they have it there in Florida. Maybe they do FYI. Roger R
Thank you for this. Very helpful information! We will be moving back to Michigan soon when my husband turns 65. I will have a few years when I’ll probably need to go on the ACA before I’m able to be on Medicare.
Good Video. YOU NEED TO PLAN. ACA has specific income limits and like Federal tax it is tiered but unlike Federal tax once you pass each threshold your entire subsidy is reduced. It's based upon income, including distributions from tax exempt 401K, IRA, SS, pensions, capital gains, etc. The values are pretty low and based on poverty levels. You'll want to plan when you start SS, pensions and tax deferred distributions. You may have to plan on living off of some cash or Roth distributions.
Hi Tim! I'm in CA and retired at 62. Did Covered CA and qualified for a subsidized plan with a very low monthly premium. Be aware, however, you have to claim a percentage of the subsidey on you taxes- ouch!
I’m self employed and the ACA has been horrible. My premiums for myself and my employees has skyrocketed. My wife and I are 63 and 64 and paying $2500 a month for the two of us. It has crippled small business. An unfair amount of the cost burden has been passed onto businesses with fewer than 50 employees
I get why you stayed but it is so unfair to everyone else. People who work for the government get healthcare insurance for life yet they make laws or pass bills to prevent everyone else from getting affordable healthcare. The US government doesn’t care about their citizens…allows garbage ingredients in our food…dyes, fructose corn syrup, fake sugars in everything etc then deny their own citizens free healthcare but give it their the government employees. I can see why you hated working as a government employee. I remember here in North Carolina some years ago that if you worked in the school system in this state for just five years (any job position) you could get healthcare for life…of course they changed it. I do believe if you are a county commissioner for just one term you still get insurance for life. It is absolutely ridiculous what some people get yet they deny the majority. I am happy you stuck it out…you were smart. When I was younger I never even thought about it but younger people need to think about long term benefits.
You federal healthcare insurance for life is Medicare. With the possibility to pay for some supplemental insurance through the federal pool of insurance companies
@@SandfordSmythe No, my Healthcare is Blue Cross Blue Shield. The EXACT same coverage and company I had when I was actively employed. I don't have to concern myself with Medicare until I get to 65. That's when I will likely decide to keep my BCBS as supplemental and Medicare as Primary. I can't drop BCBS when I hit 65 because it would leave my younger spouse without healthcare coverage.
I haven’t seen $300/month rates in YEARS, since Obamacare came into effect. We are a small business, and I’m 58, and my health care is $1500/month!! 😮😖🤬😵💫
Thanks for the valuable information Tim! This will help me since I am planning to retire soon! Are you surprised so many people are opposed to the ACA?
ACA! If you aren’t working and living on savings won’t cost you anything in WA state. Once you start tapping into retirement funds and paying taxes they will base it on that. In WA you can make 1600 mo in income and qualify for free healthcare. Once you make more than that you’ll have to start paying.
i worked for a government agency which provides retiree insurance plan for approximately $100 more a month than active employees. That $100 extra is paid until I reach age 65 .... Medicare.
Yes, if it's considered a major life event, you can enroll outside of normal requirements. It still has to be within a certain time period after the event. I didn't know that and missed it.
At age 65 you have to enroll in Medicare. The Gov't will not allow a commercial plan to sell you an inexpensive, high deductible plan. The Gov't charges very expensive premiums for those that have a good retirement income coming in. THey call it IRMA. It's basically like an additional income tax. They tax your retirement income and other income based on your AGI. Based on your AGI they hammer you with an additional tax which they add to your Medicare premium. For my wife and I it is our largest monthly expense at $595 each. Look up IRMA and you will see more info on it. It is a screw job in my opinion.
What about timing this with your income? What I mean by that is if you earned $100,000 and you apply for it within that same year, you're probably going to be required to put down. You made 100,000. So do you have to wait until the next year when you have only income from social security at age 62 before you apply?
We have had ACA for 3 years since we stopped working. About 500 a month, while our income is low because we are living off of savings. But when I start using our 401k for money that will increase our income, which will make the ACA plan more expensive. Use cash to live on until 65, then use your retirement money. The weird thing is, we had to take money out of our 401k to show enough income, you dont qualify for ACA if you make too little money, you go into Medicaid which nobody wants. So we use cash to live on then, take out just enough out of our 401k and show enough income to still qualify. I got very sick last year, month in the hospital with a disease like MS, now get expensive monthly infusions, than goodness i have insurance, BSBS was billed $800,000 last year for my treatment. Larry
I retired at 55 (63 now) and the only reason I’m holding off taking SS till 65 is because I’m living off pension and using ObamanationCare (free healthcare) untill then. If I take SS now it would put me over the program income limit and disqualify me for the free healthcare. I’m saving over $1k/mo. Further, holding off on SS accrues higher monthly SS payments for the future anyway. Nice video 👍
I am employed adult female without medical insurance, called the local affordable care act and unbelievable that I would have to pay $400.00 a month? Where's the help for the working middle class???
One reason NOT to take SS at 62, keep income low enough to qualify for Obamacare. So its not quite that simple to take SS alt 62 all cases. Some people may take SS at 62 and push them over obamacare limits. Good healthcare without Obamacare subsidies can cost $1000 per month or more.
Just an FYI as an employee benefits broker, Not ALL employers are required to offer COBRA which costs 102% of the premium. Beware of the ACA plans! Their networks are more restrictive. And individual policies are very expensive.
The affordable care act Yes is based on income If you make 20k or less it’s affordable almost 0 cost After about 20k you start paying more Up to about 28k it tops out U pay about full price U can enroll I think most of the year If your retiring That’s an exception on enrollment time Yes late in the year is enrollment for reg people the avg joe These are just rough numbers not exact I’ve been in this program That’s one benefit insurance that’s some what affordable Don’t quote me on exact times , cost etc But I’m close At about 18k income it’s like 0 cost to you It’s paid for So yes ck into it Your correct Tim I was going to yell at you about having to get insurance Lol but you corrected yourself on that. Thanks good job there
@@wanderingstar5673 NOT true at all. Unless things are really screwy in your state. As a household of 2, we can earn upwards of 68K MAGI before we are paying full price. We can show a MAGI of 40K and only pay 245 a month for both of us to have a silver plan. 425 a month for a gold plan.
The Affordable Care Act allows you to enroll anytime if your health care insurance ends because your job ended. I was able to do this but I did have to provide written documentation of my prior health policy ending. In my case it was a written notice that my Cobra was expiring.
There are also health share ministries for christians, its NOT insurance. Its a way to help each other pay for medical costs for christians. Im still researching all options.
I retired from my corporate job of twenty years and got a job as a school bus driver lol! I am buying back my four years I drove a school bus twenty years ago so I can retire with the county in five years instead of ten..my health insurance is only $30 a month! But when I turn 62 and retire from the county, there will be about three years until I get Medicare..thanks for the video!! Awesome info!
I'm thinking of doing this too. Our county constantly is understaffed for drivers so it will be easy to get a job, and it's strange because the insurance advantage seems to be common knowledge. I guess most people just can't put up with the kids lol.
Something else to remember.. ACA is based on income; however, it’s subsidized. When you sign up you disclose your yearly income and your “subsidy”/monthly payment is based on that. If you go over your disclosed income at the end of the year, you could be liable for the difference in what your subsidy would have been based on your actual income. So, be sure to be as accurate as possible on your projected income or you could end up paying money back.
I'm 64, drawing SSA and working PT, served three times, NG, USAF and US ARMY, and have VA coverage. My cancer surgery last month, prep visits and meds included, cost me a total out of pocket $278.
