How to Qualify for ACA Health Insurance Subsidies as an Early Retiree

➡️ Schedule your introductory appointment now: https://calendly.com/earlyretirementa...


Are you planning to retire before age 65 but worried about affording health insurance without your employer's coverage? This video provides a step-by-step guide on how to qualify for premium tax credits under the Affordable Care Act (ACA) to significantly reduce your healthcare costs in early retirement.
We'll walk you through:

How the ACA calculates your income for determining subsidy eligibility
What types of early retirement income sources count towards the calculation
How to verify your income in your first year of retirement if it's much lower than when you were working
Planning strategies to optimize your income and maximize your ACA subsidies
Real examples of how much you can save on health insurance premiums as an early retiree

Using the healthcare.gov website, we'll show you exactly how to estimate your subsidy amount and compare plans based on your specific situation. You'll also learn about key resources like the MAGI definition and the downloadable income verification template.
If you're concerned about bridging the health insurance gap before Medicare eligibility, this video will give you the practical tools and knowledge you need to make informed decisions and take control of your healthcare costs in early retirement. Don't let health insurance uncertainty hold you back from your early retirement dreams!

00:00 - Introduction and Overview
01:30 - Income Calculation for ACA
04:00 - Example Tax Return Explanation
07:00 - Modified Adjusted Gross Income (MAGI)
10:00 - Common Income Sources for Early Retirees
12:00 - Income Verification Process
14:00 - Impact of Income on Health Insurance Costs
16:00 - Planning Strategies and Conclusion

Retirement Advice, headquartered in Mapleton, Utah, is a fee-only financial planning firm that equips individuals with the knowledge, tools, and wisdom needed to retire on their terms confidently. Their holistic approach is rooted in transparency, open collaboration, and a client-first mindset. They can be reached by phone at (801) 228-0103, via email at info@earlyretirementadvice.com, or on the web at earlyretirementadvice.com.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

The information contained above is for illustrative, educational, and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your attorney or tax advisor.

RETIREMENT ADVICE, LLC “RA” is a registered investment advisor offering advisory services in the State of UTAH and in other jurisdictions where exempt. Registration does not imply a certain level of skill or training. The information on this site is not intended as tax, accounting, or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. This information should not be relied upon as the sole factor in an investment-making decision. Past performance is no indication of future results. Investment in securities involves significant risk and has the potential for partial or complete loss of funds invested. It should not be assumed that any recommendations made will be profitable or equal any performance noted on this site. The information on this site is provided “AS IS” and without warranties of any kind either express or implied. To the fullest extent permissible pursuant to applicable laws, RETIREMENT ADVICE, LLC disclaims all warranties, express or implied, including, but not limited to, implied warranties of merchantability, non-infringement, and suitability for a particular purpose.