Planning For Early Retirement Healthcare Through HealthCare.gov | 9 to FI 051

Estimating ACA Health Insurance Costs for Early Retirement: Subsidies, MAGI, and Plan ChoicesElliot and Josh discuss healthcare as a major early-retirement cost and review a BiggerPockets Money episode featuring free tools for estimating ACA premiums. They compare the BiggerPockets calculator with healthcare.gov, noting discrepancies but agreeing both help illustrate key variables such as zip code, household size, ages, and modified adjusted gross income (MAGI), especially around the 400% federal poverty level subsidy cliff. Josh explains how to use healthcare.gov’s “Browse Plans & Costs” and shares that for a two-person household at $84,000 MAGI he sees about $700/month in subsidies and a $381/month bronze plan. They then run Elliot’s family-of-five example on healthcare.gov, exploring income inputs, a Medicaid-eligibility warning at $100,000, and a $1,011/month subsidy at $120,000 that yields a $505/month bronze plan versus a $949/month silver plan. They discuss tradeoffs between premiums and out-of-pocket costs, how premiums rise with age, and using these estimates for budgeting tools like ProjectionLab.00:00 Welcome and Setup00:51 Homework and Bloopers01:20 BiggerPockets Tools Overview03:17 Key Variables and Zip Codes04:19 Healthcare Gov Walkthrough06:15 Subsidy Cliff Strategy08:29 Elliot Runs Numbers Live13:18 Bronze vs Silver Tradeoffs14:56 Aging Costs and Family Changes15:45 Comparing Employer Plans17:09 Projection Lab and BP Calculator20:23 Wrap Up and TakeawaysDo you have feedback or suggestions? We want to hear from you!Contact Elliot: [email protected] Josh: [email protected]’s other podcast: Stuck In BetaJosh’s YouTube channel: How To Fix It WorkshopAny of these products help the show. Thanks for your support!Buy Us a Coffee⁠ - One time donation or monthly, it’s up to youWe both use ⁠Mint Mobile⁠ and save a ton on our phone plan: ⁠⁠Empower⁠ is Josh’s choice for Net Worth and BudgetingWanna create a podcast? We use ⁠Descript⁠Looking for a new credit card?  We’re big fans of ⁠Chase⁠⁠Want to save money on gas, groceries and dining out? Try ⁠Upside!⁠Books mentioned in this episode:Come find us and subscribe on YouTube: http://www.youtube.com/@9toFI