Quote:
Originally Posted by Bucksnort
My wife was also always covered under my insurance. She is two years older and was not working when I retired at 58. I did Cobra for 18 months (expensive for sure) then on Obamacare thru our state network. Both healthy so did a high deductible kind of plan. Qualified for subsidies which made a big difference. Our financial planner guy helped us manage income in order to maximize those subsidies as much as possible. Now both on Medicare. It works pretty much the way you stated. They will look at income based on the way you filed taxes the prior year.
Dan
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You estimate your income for the upcoming year when you apply. If you underestimate and exceed the threshold you will have to repay the tax credits. They use family income.
Don