Good to know. Even with 4-6 months of unemployment we will probably be well in excess of the limit this year as both of our careers (hers more than mine) will likely a modest signing bonus,Good point, we are relatively high earners (when employed, lol!) and will not get any ACA credits as far as I know. I do, personally, place a high value on simplicity (hence my love of Boglehead investing). Two professionals job hunting, moving cross country, new schools, maybe pregnancy, etc is feeling like a lot.I would go with COBRA for the short time period. It is probably a little more expensive, but it seems to be the route of least resistance. That can be valuable when you have a lot on your plate. We earn money to make our lives easier.
If you qualify for significant ACA premium tax credits, I would consider an ACA plan.
ACA costs up to 8.5% of mAGI
If your chosen plan and the SLCSP are both $1,400 a month ($16,800 per year) then subsidy is eliminated at a mAGI of 16800/0.085 = $197K
Since you are going to be unemployed an estimated 4 -6 months, take that into account in your mAGI. Longer unemployment would increasingly favor ACA
Statistics: Posted by blaugranamd — Mon Apr 01, 2024 2:19 pm — Replies 8 — Views 400