NY, couple both age 57 plus college age dependent.
Medicaid $0 premium. AGI < $30k for FAFSA purposes.
Once our dependent drops off our insurance, we become family of 2, I will increase our AGI thru more Roth conversions. As long as we are under 250% FPL, we will be eligible for Essential Plan coverage, also $0 premium.
Another non-dependent child, 20s, paid $150/month after subsidies last year. Used an HSA compatible plan so he could reduce his AGI by tIRA and HSA contributions. This year he has access to a 401k, so with larger deferrals he could get his AGI < 200% for Essential Plan at $0, and student loan payments at $0. A few months ago, NY increased the Essential Plan cliff to 250%.
Medicaid $0 premium. AGI < $30k for FAFSA purposes.
Once our dependent drops off our insurance, we become family of 2, I will increase our AGI thru more Roth conversions. As long as we are under 250% FPL, we will be eligible for Essential Plan coverage, also $0 premium.
Another non-dependent child, 20s, paid $150/month after subsidies last year. Used an HSA compatible plan so he could reduce his AGI by tIRA and HSA contributions. This year he has access to a 401k, so with larger deferrals he could get his AGI < 200% for Essential Plan at $0, and student loan payments at $0. A few months ago, NY increased the Essential Plan cliff to 250%.
Statistics: Posted by teen persuasion — Wed Jun 26, 2024 8:04 am — Replies 31 — Views 2231