Quote:
Originally Posted by poncho-mike
So I have a question that some of you guys may have already experienced. I am roughly two years older than my wife. I work full-time and my employer provides health insurance both of us. My wife has been working part time for the lst fifteen years, and I have always provided her insurance.
I realize that once I go on Medicare, she will have to buy her own insurance. My company's policy is that they won't cover my spouse unless I am covered. So if I retire this summer and go on Medicare, she will need to find her own insurance. Iknow she can get a policy through Obamacare, but I'm not sure what premiums will be. If I understand Obamacare correctly, you are quoted a price that is based on the type of plan and your age. If you qualify, there are subsidies. I think Obamacare looks at your income from the previous year. Do they look at the family income, or just the individual income?
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Mike,
I got married 5 years ago and had Obamacare coverage. I didn't think
about it at the time and continued on the subsidized coverage. The following year we filed tax return jointly and I had to pay back the subsidy ($12,000) as they
go by the household income. It didn't make sense as we each individually qualified for Obamacare but as a couple did not although our income was the same. Seemed like a marriage penalty but some tax and other rules when you get married don't make sense.