Anyone else over 60 that has been priced out of the Marketplace? Anyone else considering just not having insurance?
Looks like I may be $680 over to qualify for my previous subsidy. I paid $550 per month for a crap policy but now am staring down the possibility of no subsidy, $1400 per month for crappy insurance. I can self pay routine stuff, but I don’t qualify for catastrophic coverage. I will be 65 in March of 2027. Anyone else in this boat?HidingoutfromtheCIA
Get a bronze plan and open a HSA. Drop a few grand in it and lower your MAGI below the 400% federal poverty limit and regain your subsidies.jhkayejr
A bronze plan for me is $1,700 a month. The idea that I’d then also be able to put money in a HSA is insane.LadyMaggieMae
Unfortunately that exact plan leaves me $680 over. With the smidge of SS COLA, my modest pension fund and again modest interest rates the $4400 HSA will not get us there[deleted]
This. You can actually put $5400 in your HSA since you’re over 55. It sounds like you don’t have earned income, so IRA/401k contributions wouldn’t be an option for you. Also, if you take the standard deduction, starting in 2026, you can do an above line deduction for charitable contributions ($1000 if filing single; $2000 for married filing jointly). That’ll reduce your MAGI. Edit to add: the charitable contributions have to be cash. Thanks for the clarification below, PeacefulCW.Responsible-Bid5015
For you the HSA contribution limit is $5400 in 2026. You can also look into using the BOXX ETF for some of your cash savings to get extra margin. Note there is some risk to BOXX since the IRS has not really decided if it is a valid scheme. BOXX pays capital gains on withdrawal but no interest/dividends. So if you withdraw the full amount next year, there is no benefit.