Health insurance in retirement is a common concern for many retirees. Especially those retiring before they qualify for Medicare.
Retiring before 65 gives you three options for health insurance:
1. Continuation from a previous employer (typically quite expensive)
2. Health Sharing Programs (some restrictions apply)
3. Affordable Care Act Insurance (can be affordable or expensive depending on variables)
ACA insurance is a great option for many retirees. At first look, however, this insurance can look expensive for those wanting to live on a reasonable income.
It is not uncommon to see initial premium estimates over $1,500 per month!
Yet, some retirees pay less than $500 per month in health insurance through the same program…
What’s the difference? The second group of retirees knows how to earn an Affordable Care Act Subsidy.
It’s a myth that you have to live off beans and rice in order to earn this subsidy. In fact, your income is uncapped if you know how to beat the healthcare system.
In this video, we teach you how to earn a subsidy and how to use Roth Conversions in order to create a tax-free base to withdraw from and earn a subsidy.
In this video we discuss:
✅ How to earn a healthcare subsidy when on Affordable Care Act health insurance
✅ An overview of the American Rescue Plan Act of 2021 and what it means for healthcare over the next two years
✅ How to avoid the Healthcare Subsidy Cliff with Roth Conversions
✅ How to earn an insurance subsidy with Roth Conversions
✅ and more…
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Always remember, “You Don’t Need More Money; You Need a Better Plan”
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📚 The New 60/40: How the Next Generation of Retirees Can Achieve Radical Financial Freedom through Better Safe Investing – https://www.amazon.com/New-60-Generation-Financial-Investing/dp/B08H6TCMFN
Safeguard Wealth Management is a Registered Investment Advisor in the State of WI. Safeguard Wealth Management is not an insurance provider. All content on Youtube is for informational purposes only and should not be taken as personal advice for your situation. You can read more disclosures at https://www.safeguardinvest.com/fiduciary