I’m not sure about ACA plans (which vary state to state) but most private medical insurance plans do not. There is a separate category for “Travel Medical Insurance” which you must purchase before going on a trip. Allianz Travel is a good one but there are others. If your company DOES cover medical expenses overseas, generally you must pay the bill first and file a claim directly to your company yourself to be reimbursed.

That is awesome thanks for your support.

Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.

Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you

Typically at that income based on the state you are in you would qualify for Medicaid? Is that what it shows you?

I don't think you understand how the ACA works. Based on your income you should be on Medicaid. Go to an agent.

The sweet spot to get the maximum subsidy is about $25,000 to $45,000 or so. If you make LESS than $24,000 then the Obamacare folks will say you don't qualify & should go talk to the Medicaid folks. The problem with Medicaid is that they look at ALL of your assets to qualify which unless you are dirt poor you won't. Obamacare only looks at your income ONLY, you could have a million dollars in the bank & still qualify for a subsidy if your "Income" is not too high. The moral of the story is make your taxable income look at least $24,000 or more if you want a subsidy.

The math does not make sense. At 27k of income based on your age the subsidy should cover 80-90% of your premium.

You don’t know what you’re doing or you are lying. There are free advisors that will help you enroll. Go see one of them. At $27000 your cost should be around $50 a month

@@kevint53219I went to the health.gov website and filled everything out. At the end it came up with five plans for Wyoming, all were in the $1,800 a month range and was prompted to pick one. None were affordable so I left the site.

@@URKlewlessI am retiring in January. $5,000 wages in January + 10 months of social security ($21,800) + $400 interest = $27,200.

You also don't understand how the ACA works. Go to an agent for assistance.

Thanks so much Ted

You bet glad you learned at least one thing.

Our pleasure!

I am glad it helped you

The insurance carriers are assuming more risk in 2025 with the RX cost. I helped a client today who is on an orphan drug. 25k per month, she met her max of 8k in 2024. Next year her cost will be $2k. Between Medicare and the insurance company have to pay the rest.

@@TransitionHealthBenefits In our case, they are asking the retiree to assume the 62% increase. Most don't have such monies that the insurance company is retiring to maintain coverage. They are requiring the retirees to assume such costs...

yeah that is a big ask. If on a group plan they may want to seek some alternatives. If a true group plan they would have guaranteed issue outside of the group plan.

@@TransitionHealthBenefits They segregated us and we don't even have the same company covering us as the regular employees. Thanks for your comments.

Thanks so much Michael

Glad it was helpful!

Never hurts to review your options on 10/1.

Thanks so much

Glad you enjoyed it

@@savmanhk you are not alone and make sure on 10/1 you shop your current plan, work with your local agent or visit www.medicare.gov

KEEP VOTING FOR DEMOS AND YOU BE BROKE BEFORE YOU KNOW IT!

@@judyb535 thank you Kevin and the THB Team

Loaded question if your 2 drugs are generic drugs you will not be affected. For the people who are on expensive drugs they will have a $2000 maximum out of pocket. Then 100% for remainder of the year.

@@TransitionHealthBenefits Thanks for the quick reply!

$2000 max is a nice upgrade vs $8000 in 2024.

Yep, thank you Joe Bidon that now everybody who doesn’t take meds or has maybe 2 low cost prescriptions, gets to pay the hidden costs for everybody by raising their monthly rates 2 to 3 times more. What a wonderful idea. Costs nobody nothing except those who fall in the mid poverty level. It used to be the middle class but once again, thank you Joe Bidon for eliminating us.

🎉 Thank you for the 5 stars.

Yes if you underestimate or over estimate your income. You will pay back or get back money at tax time. It will be the difference in the subsidy amount received. Make sense?

@@TransitionHealthBenefits yes, is there a cap? Say I make 150 for a family of 4 an I projected 75. Will I pay back the higher rate? Or the 75k rate.

Each household based on age and location has a cap. You can use my link below to figure out your cap. If you are getting a subsidy now and go above that cap, you would then owe the subsidy back when you file your taxes. If below the cap you only pay the difference in the subsidy.

I was just approved for SSDI with back pay of 2 1/2 years. How will healthcare.gov project what I owe them?

Correct just owe back the difference in the subsidy received

You're welcome!

You are most welcome

Making 2025 video stay tuned and will make some time stamps.

Sorry we are not in NY and here is the state website to compare options. nystateofhealth.ny.gov/

Sorry we cannot assist in NY.

Glad you enjoyed it

Thanks for your comment and I love Hawaii. As for your mom, typically to qualify for a Marketplace plan your mom would need to generate income. Hawaii may have some other programs for your mom. My recommendation is to call this number for assistance in Hawaii: cca.hawaii.gov/ins/consumers/health/

Thanks for the info and advice. Have a blessed 2024.

You are so welcome and Happy New Year!

I have been educating clients on healthcare options for over 20 years. While I can't provide personalized financial advice. Health insurance costs can vary significantly depending on individual circumstances, including income, location, and family size. Divorce solely for the purpose of obtaining lower health insurance premiums is not a recommended. I would recommend-Shop Around: Consider comparing different insurance plans both on and off the ACA marketplace. There may be options that better fit your needs and budget. Happy New Year!

Don't worry every time a republican comes into office they take away things from Obamacare to try to destroy it and therefore the prices go up Biden says he's got in office has been supplying subsidies to try to bring prices down but keep on voting for republicans and get a higher insurance Price

Look up Access Wisconsin to get a food card

We have not seen any type of ACA plans that offer a food card to my knowledge. Once you get onto Medicare some plans based on where you live offer an Over-the-counter or a debit card to help with food/utilities. Always check with your local state to see if any extra programs are available. Thanks for your comment and Happy New Year!

1 am not a CPA, but it should be line 11 of vour 2023 form 1040

In New York when I do my taxes to use the adjusted gross income line maybe it's the same for you

Yes it is taxable income so you would need to count it as income.

Thanks, Julie😃

Thanks, Paul😉

Yes we are contact Kevin or Todd in my office 262-784-7344. Here to help!

Depends on what county and zip code you live in for deductible options.

Thanks for your support! THB Team