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Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: rtrnow on March 31, 2014, 09:48:48 AM

Title: ACA making too little for a subsidy
Post by: rtrnow on March 31, 2014, 09:48:48 AM
I live in a red state that did not accept the medicaid expansion. From my reading, it seems that I may make too little to get a subsidy. I want to purchase an exchange plan and would like to take advantage of the subsidies if I can. This year should not be an issue as I plan to FIRE in July and my income will be in the right range to qualify for some subsidy. However, I have about 18-24 months of living expenses in cash. So, it's possible on paper that my income next year will be close to zero. Is my understanding correct that in that case I could not get a subsidy for my plan purchased through the exchange? Does it make sense to find a way to keep annual income high enough to qualify? Ideas on how to do that other than getting a job?
Title: Re: ACA making too little for a subsidy
Post by: Rickk on March 31, 2014, 09:57:33 AM
Look into IRA to Roth conversions - they show up as income (but the money stays in a retirement account).