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- Manlobbi
Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
No. of Recommendations: 0
We just got the renewal for our Bronze plan:
Monthly premium full-price +19.2%
Slightly lower max out of pocket ($9200 per person instead of $9400)
Losing pediatric dental, which we didn't use since no dentist around here takes it.
All other coverage the same.
Our actual monthly premium will be limited to 8.5% of MAGI for 2025, so if we make the same MAGI the direct cost to us will not go up.
In 2026 that 8.5% cap expires and we'll be back to the subsidy cliff, unless there's a legislative change, which I doubt.
We shall probably stick with this plan for 2025. In 2026 I intend to slow work way down, if not fully retire. It will then likely make sense to go with a more costly silver plan since our taxable income will shrink.
No. of Recommendations: 3
Apparently our insurer is discontinuing our plan. The ACA folks gave us a default "similar" policy, but I can't open the application until 11/1. So that's when I'll check if the new plan includes the doctors that we need, or maybe we need a different plan. We just got a new PCP, and she may be a keeper. Hopefully we'll be able to keep her. 1poorlady's oncology is next priority, and then neurology (for my craniotomy).
Being retired, most of our income is dividends. Enough that ours isn't free, but we're paying about 10% of list price. We did inherit mom's remaining assets, which have to be liquidated in 10 years (but I'm shooting for two so I can avoid IRMAA and having more distributions when we have to start taking our RMDs). I want to start drawing our monies down so we don't rocket into a new tax bracket when getting SS and the RMDs. Draw it down now, less RMD later.
No. of Recommendations: 0
Yeah, it's a tricky balancing act. Didn't ought to be that way, but that's the system we got, and I'm grateful that we do have a system where we can actually buy health insurance, what with our pre-existing conditions and all. I will never, ever vote for those who tried to repeal it without a viable replacement.
Full price is ridiculously expensive, of course. I'm paying about 60% this year. Our federal income tax covers the remainder with a bit left over to contribute to the rest of the federal budget. I can't see this as sustainable.
No. of Recommendations: 1
Haven't paid attention to the IRMAA discussions.
https://secure.ssa.gov/poms.nsf/lnx/0601101020Married filing jointly tax filing status
If MAGI in 2022 (or 2021 if 2022 is not available) was:
More than $206,000 but less than or equal to $258,000
Then the Part B Premium* is:
$244.60
Prescription Drug Coverage Premium** is:
$12.90
$3k/year. Doesn't sound so bad.
No. of Recommendations: 2
I'm debating Part D. It's my understanding that it is potentially expensive unless you need some exotic med that costs hundreds per dose.
I doubt we will bump up against IRMAA, but I don't want to take that for granted. They could change it, or I could do something stupid that pops us over the limit (unlikely...realizing that much gain would would require some extraordinary circumstance).
I think the ACA is pretty secure now. People like it too much. Cutting that would be almost like cutting Medicare...political suicide.
No. of Recommendations: 0
I think the ACA is pretty secure now. People like it too much. Cutting that would be almost like cutting Medicare...political suicide.
I hope you are right. I think TFG and minions would still like to kill it.
