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June 4th, 2024

Early Retirement Health Insurance Strategies | Roth Conversions vs. ACA Subsidies

  1. Early Retirement Health Insurance Strategies | Roth Conversions vs. ACA Subsidies James Conole, CFP® 33:36

Healthcare subsidies are like a tax break and should always be optimized, right? That seems like an easy question that should have a straightforward answer. But the correct answer is, “It depends.” 

Cole from Move Health is back, as he and James explain how advanced premium tax credits work, when you might not want to take them, and why it’s imperative to have a financial plan and a tax strategy in mind as you make healthcare insurance decisions. They share case studies and remind listeners that we don’t need to feel intimidated regarding healthcare in early Retirement. We just need to be informed.

Questions Answered:
Who is eligible for advanced premium tax credits?
When should I not try to optimize healthcare subsidies?

0:00 – ACA coverage
2:19 – Advanced premium tax credits
4:59 – Determining subsidies
8:09 – Modified adjusted gross income
9:36 – Estimating income
13:17 – Optiming premiums and subsidies
15:28 – Tax/subsidies strategies
18:56 – A case study
21:43 – When to optimize subsidies
27:10 – Another case study
29:34 – Tips and takeaways

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James Conole CFP®, Podcaster

James Conole is the founder of Root Financial and the host of the Ready For Retirement podcast and YouTube channel.

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