My bf and I are trying to calculate our MAGI in order to understand what our credit towards health insurance would be once we are retired. We are pretty set on getting a high deductible plan, say with a $14K deductible and a maximum of $300 in premium monthly payments. Our thought is: our MAGI calculation should include $14,000 (deductible) + $3,600 (premium payments per year) = $17,600 (total cost of health insurance). We think our MAGI should include the entire $17,600 because if we ever needed to pay for the entire deductible we would need to have those funds available. We also think that during the true out process at the end of the year, we would adjust our MAGI and only include the portion of the deductible that we used during the year.
Thoughts?
Thank you!
cgerodelle