Search found 48 matches

by jim234
Mon Sep 03, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Life Annuities and qualifying for Medicaid?
Replies: 3
Views: 309

Re: Life Annuities and qualifying for Medicaid?

Say the nursing home is $10,000 a month and your annuity is paying $5,000. They take your expenses off your income and that way you qualify. They would pay $5,000 and you would pay $5,000.
by jim234
Sun May 27, 2018 5:04 am
Forum: Personal Finance (Not Investing)
Topic: medicaid as early retirement medical insurance (or maybe Obamacare)
Replies: 41
Views: 3988

Re: medicaid as early retirement medical insurance (or maybe Obamacare)

18 to 64 able bodied adults are categorically disqualified from Medicaid in Texas.
by jim234
Sat Apr 07, 2018 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Recordkeeping system for retirees
Replies: 25
Views: 3237

Re: Recordkeeping system for retirees

I scanned in all my documents, decades worth. Keep them on 4 separate hard drives. I don't trust cloud type stuff. Then threw out the hard copies.
by jim234
Thu Nov 02, 2017 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 18829

Re: 2018 ACA rates now live....

Legally ACA plans are based on calendar year income, while Medicaid is legally based on monthly income. So you need to convert your estimates to monthly numbers.
by jim234
Mon Oct 30, 2017 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement Healthcare
Replies: 37
Views: 4185

Re: Early Retirement Healthcare

To the OP. You can't generalize as to whether Medicaid is better or worse than a ACA metal plan. In my area the doctor network is the same in both so there is no advantage using a metal plan, which will be more expensive. Factors to consider, how healthy? Someone with ongoing health issues will save...
by jim234
Thu Oct 26, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 18829

Re: 2018 ACA rates now live....

For a good explanation of the CSR issue and how it changes rates in each state see:
http://acasignups.net/17/10/25/latest-c ... oo-5-mixed
by jim234
Mon May 08, 2017 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Individual health insurance
Replies: 59
Views: 4883

Re: Individual health insurance

Biggest issue is you can NOT buy coverage right now wi th out a reason justified by aca and it doesn't mater how much you are willing to pay. You would need to be eligible for the Essential Plan or Medicaid to join outside of the open enrollment period without a valid reason like job loss or move. ...
by jim234
Mon May 08, 2017 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Individual health insurance
Replies: 59
Views: 4883

Re: Individual health insurance

New York is very different from most other states because it prohibits age-based rating. An 18-year-old pays the same amount as an 80-year-old, even though the 80-year-old costs a lot more to insure. There are actually two age groups, 18-64 and over 64. No age rating within these two groups. Mediga...
by jim234
Mon May 08, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Individual health insurance
Replies: 59
Views: 4883

Re: Individual health insurance

I paid $575 for a NY Platinum plan in 2015. I had a nice subsidy that brought it way down too.

Also NY does not permit age rating of policies, which is nice.
by jim234
Mon May 08, 2017 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Individual health insurance
Replies: 59
Views: 4883

Re: Individual health insurance

What is the best way to get quality individual health insurance outside of any government exchanges / without using subsidies? And how much would such insurance cost (I know it depends on many variables but any rough estimates would help)? I would want a PPO plan that doesn't have the notorious res...
by jim234
Mon May 08, 2017 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Individual health insurance
Replies: 59
Views: 4883

Re: Individual health insurance

Perhaps you can explain why you want to avoid the exchange. If you don't want the subsidies, you don't have to apply for them. I don't think I would qualify. Also, it is my understanding that there is no way to choose to pay more each month to get better than basic coverage? I may be wrong on this....
by jim234
Fri Mar 17, 2017 11:03 am
Forum: Personal Consumer Issues
Topic: Medical treatment in US for non US citizen
Replies: 50
Views: 5210

Re: Medical treatment in US for non US citizen

ACA / Medicaid requires US legal residency (citizen or green card). For someone to fly in and out is a case of fraud.
by jim234
Wed Mar 15, 2017 12:29 pm
Forum: Personal Consumer Issues
Topic: Cost of Dental Implant
Replies: 81
Views: 9650

Re: Cost of Dental Implant

Some guy I know had 6 impants and the whole upper teeth done for 15k in Thailand. How does that work? My implant took months to get done. Extraction --> Bone Graft ---> Implant ---> Artificial tooth. Each step was separated by months/weeks. For example, the implant didn't get screwed in until 6 mon...
by jim234
Wed Mar 15, 2017 12:21 pm
Forum: Personal Consumer Issues
Topic: Cost of Dental Implant
Replies: 81
Views: 9650

Re: Cost of Dental Implant

Some guy I know had 6 impants and the whole upper teeth done for 15k in Thailand.
by jim234
Sat Mar 04, 2017 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Just laid off - what to do
Replies: 76
Views: 14253

Re: Just laid off - what to do

Since you are in NY you can get the "Essential Plan" or Medicaid without any special enrollment period. Once your UI runs out (assuming you don't have other income) you can get Medicaid which is based on monthly income. You can even drop into Medicaid mid year from an Exchange plan due to a drop in ...
by jim234
Wed Feb 22, 2017 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating Obamacare penalty
Replies: 19
Views: 1585

Re: Calculating Obamacare penalty

If you are in a state that did not expand Medicaid he should have contacted the Marketplace to see if they would give him an exemption for that reason.

If your state DID expand he should have signed up for it. Since he didn't the penalty will be applied.
by jim234
Wed Feb 01, 2017 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Quick question about Obamacare and the federal tax credit.
Replies: 9
Views: 1110

Re: Quick question about Obamacare and the federal tax credit.

As long as his estimate last year was accepted there is nothing to pay back even if under 100%.

The states that did not expand Medicaid have a gap where those under 100% get nothing.
by jim234
Sat Nov 05, 2016 8:00 am
Forum: Personal Finance (Not Investing)
Topic: ACA income shuffle
Replies: 33
Views: 4910

Re: ACA income shuffle

I do not anticipate working in 2017 and can qualify for the New York State of Health Essential Plan at a cost of $20 per month if I can keep my income between $16,395- $23,760 per year. If my annual income goes beyond that I am looking at premiums anywhere from $255 to $375 per month. Since the Ess...
by jim234
Sat Nov 05, 2016 7:56 am
Forum: Personal Finance (Not Investing)
Topic: ACA income shuffle
Replies: 33
Views: 4910

Re: ACA income shuffle

blueberry wrote:Medicaid (state version) in my state WA does not look at assets,...
The "old" Medicaid still looks at assets. This would be for 65+, disabled, or blind.
by jim234
Mon Oct 31, 2016 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance rates went up
Replies: 155
Views: 18127

Re: Health Insurance rates went up

Yes, subsidies go up as rates go up. The formula is that the 2nd cheapest silver plan premium is 9.6 % of your magi when you are under 4x federal poverty limit (64,080 for 2 people in 2017). You lose all subsidy over the cliff. The question is, what if there is only one silver plan? The subsidy doe...
by jim234
Sun Oct 23, 2016 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Medicaid or Obamacare
Replies: 21
Views: 2781

Re: Medicaid or Obamacare

Isn't Medicaid means tested as well as income tested? plannerman It is income tested for ages 18-64 in the states that expanded Medicaid. That may be changing a bit. Montana was not an early adopter of expanded Medicaid and when they finally signed up, they requested a dispensation from DHS on the ...
by jim234
Fri Oct 21, 2016 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Medicaid or Obamacare
Replies: 21
Views: 2781

Re: Medicaid or Obamacare

Hello Bogleheads, I'm an early retiree. My projected 2017 income will be low enough for medicaid. Should I increase my income (through Roth conversions for example) to qualify for a Highly Deductible Health Plan (HDHP) under Obamacare and allow me to contribute to my HSA? What are the pros and cons...
by jim234
Fri Oct 21, 2016 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Medicaid or Obamacare
Replies: 21
Views: 2781

Re: Medicaid or Obamacare

plannerman wrote:Isn't Medicaid means tested as well as income tested?

plannerman
It is income and resource tested in all states for Disabled, Blind, or Aged.
It is income tested for ages 18-64 in the states that expanded Medicaid.
by jim234
Mon Oct 17, 2016 7:32 am
Forum: Personal Finance (Not Investing)
Topic: retire early and move to UK?
Replies: 22
Views: 3560

Re: retire early and move to UK?

And what makes you think you would be eligible for National Health Service benefits as a non-resident alien? Are you eligible (like jim234) to get a UK passport due to heredity? I am a US/UK dual national. NHS is based on residence. Visitors are not covered, they would need to pay 150% of the rack ...
by jim234
Tue Oct 11, 2016 6:25 am
Forum: Personal Finance (Not Investing)
Topic: ACA for grad student
Replies: 11
Views: 1191

Re: ACA for grad student

Since she only makes $12,000 a year she should go on Medicaid. No open enrollment period for Medicaid. If she is young and healthy she probably will never need to use it anyway.
by jim234
Sun Oct 09, 2016 12:03 pm
Forum: Personal Consumer Issues
Topic: Controlling high blood pressure
Replies: 16
Views: 1740

Re: Controlling high blood pressure

I had stubborn HBP. Doctor put me on two pills and now it is normal. Some people just get it and it doesn't matter what you do.
by jim234
Mon Oct 03, 2016 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Early planning for ACA 2017
Replies: 20
Views: 3396

Re: Early planning for ACA 2017

Even if premiums skyrocket the second lowest cost Silver plan should always be available at the following capped prices (after subsidy): Up to 133% of FPL 2.04% of your income 133%-150% of FPL 3.06%-4.08% of your income 150%-200% of FPL 4.08%-6.43% of your income 200%-250% of FPL 6.43%-8.21% of your...
by jim234
Sat Oct 01, 2016 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Cost of Medical Insurance - NJ/NY area
Replies: 13
Views: 1503

Re: Cost of Medical Insurance - NJ/NY area

Another link from Centers for Medicaid / Medicare Services

https://www.cms.gov/CCIIO/Programs-and- ... ating.html

NY has a 1:1 age ratio, which means age is not considered.
by jim234
Fri Sep 30, 2016 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of Medical Insurance - NJ/NY area
Replies: 13
Views: 1503

Re: Cost of Medical Insurance - NJ/NY area

https://www.valuepenguin.com/how-age-affects-health-insurance-costs "New York does not permit any use of age as a factor when determining health insurance rates. In fact health insurance premiums in the Empire State cannot discriminate whatsoever and have the same price regardless of any policyholde...
by jim234
Fri Sep 30, 2016 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of Medical Insurance - NJ/NY area
Replies: 13
Views: 1503

Re: Cost of Medical Insurance - NJ/NY area

NY is a community rated state. A policy for a 22 yo and a 64 yo are the same price (all things being equal). So the young subsidize the old in a major way. The national ACA has three age bands.
by jim234
Fri Sep 30, 2016 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Retirement based on not on #, but healthcare?
Replies: 62
Views: 6017

Re: Retirement based on not on #, but healthcare?

I retired at 49, two years ago. Went right to Medicaid Manged care. Much better than the work plan was. Yep. Healthy people that know how to save are often working longer than need to (and often end up less physically and mentally healthy as a result.) Culturally, we are very fear based about this....
by jim234
Fri Sep 30, 2016 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Retirement based on not on #, but healthcare?
Replies: 62
Views: 6017

Re: Retirement based on not on #, but healthcare?

Resource tests still apply to those who are elderly (>64), blind, or disabled in all states.
by jim234
Thu Sep 29, 2016 6:54 pm
Forum: Investing - Theory, News & General
Topic: What stocks can I buy when it comes to Marijuana?
Replies: 56
Views: 8900

Re: What stocks can I buy when it comes to Marijuana?

I don't think the Feds will look kindly on your investment, being schedule 1 and all.
by jim234
Thu Sep 29, 2016 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement based on not on #, but healthcare?
Replies: 62
Views: 6017

Re: Retirement based on not on #, but healthcare?

I retired at 49, two years ago. Went right to Medicaid Manged care. Much better than the work plan was.
by jim234
Thu Sep 29, 2016 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of Medical Insurance - NJ/NY area
Replies: 13
Views: 1503

Re: Cost of Medical Insurance - NJ/NY area

In NY age makes no difference.
Check https://nystateofhealth.ny.gov/ for info.
by jim234
Wed Dec 02, 2015 11:30 am
Forum: Personal Finance (Not Investing)
Topic: What govt assistance can I sign up for? (Unemployed for 1.5 yrs)
Replies: 17
Views: 2800

Re: What govt assistance can I sign up for? (Unemployed for 1.5 yrs)

Bet on Red/Black/00 all at the same time. This will give you reportable income.
by jim234
Wed Dec 02, 2015 11:26 am
Forum: Investing - Help with Personal Investments
Topic: End of year financial planning for an unemployed person?
Replies: 8
Views: 1492

Re: End of year financial planning for an unemployed person?

If you received UI and paid health insurance premiums in the same year you can withdraw the amount of the premiums out of your tIRA without the 10% penalty.
by jim234
Wed Dec 02, 2015 9:00 am
Forum: Personal Finance (Not Investing)
Topic: What govt assistance can I sign up for? (Unemployed for 1.5 yrs)
Replies: 17
Views: 2800

Re: What govt assistance can I sign up for? (Unemployed for 1.5 yrs)

He would qualify for a free bare bones cell phone. Also three months of food stamps. Possibly a small break on his electric bill. Also a small payment for heating costs. Free medical if his state expanded.
by jim234
Sat Aug 08, 2015 5:56 pm
Forum: Investing - Theory, News & General
Topic: 3 Reasons to Rejoice Higher Interest Rates
Replies: 54
Views: 8899

Re: 3 Reasons to Rejoice Higher Interest Rates

My guess if/when they "lift off" is max rate of 1.75% -2.00%, may take a few years to get there.
Honestly, I don't think we will see 5-6% short rates in our lifetime.
by jim234
Sat Aug 08, 2015 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Retiree Healthcare Vs. ACA healthcare
Replies: 14
Views: 1918

Re: Retiree Healthcare Vs. ACA healthcare

At my former employer retiree health was half price insurance ($335) until age 65, then a $145 Medigap policy 65+. I wasn't eligible since I left before 55 yo. Since I am on UHC Medicaid now, retiree medical didn't offer much for me.
by jim234
Sat Aug 08, 2015 5:38 pm
Forum: Personal Consumer Issues
Topic: What's Your Monthly Food/Groceries Spending? My is through the roof?
Replies: 201
Views: 21196

Re: What's Your Monthly Food/Groceries Spending? My is through the roof?

I spend about $225 a month, single person, not eating out.
by jim234
Sat Aug 08, 2015 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Chase asking for liquid net worth, total net worth...
Replies: 46
Views: 8762

Re: Chase asking for liquid net worth, total net worth...

Since you are not a customer I do not see how "know your customer" rules apply. I would tell them it is none of their business. They are probably collecting information for marketing purposes.
by jim234
Wed Jul 15, 2015 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Concierge Care
Replies: 36
Views: 5497

Re: Concierge Care

$1650 "service" sounds like a scam to me.
by jim234
Wed Jul 15, 2015 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Medicaid eligibility and cap gains
Replies: 4
Views: 1586

Re: Medicaid eligibility and cap gains

My girlfriend and I live together, and since she makes a fairly small amount of money she has been eligible for medicaid. However, I realized today I may have done something silly. Because of her low earnings in 2014, in December I sold and reinvested a bunch of stock for her in order to basically ...
by jim234
Wed Jul 15, 2015 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Medicaid eligibility and cap gains
Replies: 4
Views: 1586

Re: Medicaid eligibility and cap gains

The stock, dividends, and/or capital gains may be considered a "resource" to Medicaid. There are resource limitations to be eligible. The eligibility requirements are complicated depending on personal circumstances and state you reside in. But hopefully, the local office can provide you with furthe...
by jim234
Wed Jul 15, 2015 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Medicaid Qualification with a variable income.
Replies: 13
Views: 4040

Re: Medicaid Qualification with a variable income.

Medicaid does not require a qualifying event, it is open year round. For MAGI (18-64 yo) Medicaid: In New York, once a determination for Medicaid has been issued, it is for a continuous 12 month period. They do not care about changes to income in those 12 months, even though you must report any chan...
by jim234
Sun Jul 05, 2015 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Medicaid and Roth Conversion / Gain Harvesting?
Replies: 23
Views: 3625

Re: Medicaid and Roth Conversion / Gain Harvesting?

In my state (NY), once a determination for Medicaid has been issued, it is for a continuous 12 month period. They do not care about changes to income in those 12 months, even though you must report any changes, it will not trigger a redetermination. This was put in place to reduce "churn", bouncing ...
by jim234
Wed Feb 11, 2015 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Medicaid and Roth Conversion / Gain Harvesting?
Replies: 23
Views: 3625

Re: Medicaid and Roth Conversion / Gain Harvesting?

I have been pondering the same question as the original poster. Medicaid is based on monthly income while APTC are based on a calendar year. I confirmed that it is possible to "drop in" to Medicaid at any time due to a drop in monthly income. For example someone on unemployment insurance which runs ...