Cali Obamacare
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Keep it in my pants when I do OTC. If I were a stripper it would stand for I like big bucks and I can not lie.
A bit off topic, but if any of you are early retirees living in Cali, how's the Obamacare working for you? How's the premiums?
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As I'm able to make my income pretty much whatever I want it to be, was able to get a family plan with very low deductibles and ZERO premium. Round numbers, if income is less than $20K per year, would qualify form Medicare (or MediCal). The sweet spot form is an income of roughly $22-24K. Zero premium can be obtained with a higher income, but the very low deductibles require the income to be in this range.
Signed up on the marketplace last December and the plan has been very good. If you are able to control your income, you can play with the numbers on the Marketplace to see where your "sweet spot' may be.
We have nationwide PPO through my employer which is better than you can get on the exchanges. But even that may improve as more money is allocated to the exchanges.
TBH San Diego would be an awful place to early retire. Usually people LEAVE San Diego to retire early. Cash out on your home after it rising 10x in price, move somewhere cheap.
How do I know this ? I’d rather not say.
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"Massive subsidy" is a comical way to characterize a few hundred dollars per month, especially given the buy-borrow-die tax-avoidance strategy of our countries billionaires:
https://www.wsj.com/articles/buy-borrow-…
But it's an interesting point. It would be impossible for a millionaire-next-door type with a traditional IRA to withdraw money from said IRA, without increasing his taxable MAGI (indexed to the Obamacare subsidy). I suppose someone with a ROTH IRA could pull it off in a completely legal way -- that is keep his MAGI low enough to get free medical care.