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Why taxpayers should pay those early retirees under ACA? ACA is for poor people. You receive Medicare coverage after 65 because you paid Medicare tax when you work before retirement. |
Medicaid is for poor people. |
The ACA income is primarily based on your Modified Adjusted Gross Income (MAGI), which includes your total income and certain deductions. Not assets. That complex was full of people 55-64 who own their house cash, own their cars cash. Not taking 401ks withdraws and many have ROTHS which dont count as income. Some have rental properties with depreciation does not count as income and some have mortgages that bring down MAGI. One could own one billion in Berkshire stock that pays no dividend and still get an ACA subsidy. They dont count assets. |
What’s your point? It makes sense to subside poor American citizens health care with ACA or Medicaid. It does NOT make sense to subsidize people who have money but choose to retire early on taxpayers money under ACA. |