In a pickle over here!
Got married last month, yay! Besides love financial considerations were in the picture. I have massive student loans that will likely never be paid off, but I'm on PAYE in good standing and this works great/reasonable for me. Please no judgements on this for me, this is the plan I'm on, and I am saving appropriately for the tax bomb.
So due to my student loans we are married filing separately, which my spouse wanted to do anyway even before I mentioned it. We keep our finances totally separate, although we communicate well about it. One thing I didn't consider though is ACA subsidies. Is this true- you can't get them if you are MFS? Ugh, I really wish I'd known this. My spouse is currently unemployed and on medicaid. Depending on how much I contribute to my solo401k I could also be on medicaid, or not. I'd rather not, but if I'm going to have to do the entire premium out of pocket I would try to get on medicaid if I could qualify. Does anyone know how MFS affects that?
I am unlikely ever to have a job that offers healthcare as a benefit, I've been self-employed most of my life and the work I do rarely offers that or any benefits (I've certainly never had any job with benefits). The jobs my husband is looking for mostly have only offered healthcare benefits for him but not for spouse. We are more focused on just getting him a job he likes (he's on a trial FIRE thing right now, he's decided he's not ready to not fully FIRE yet).
Suggestions/comments? We are in NJ.
