Big Change to ACA in the New Covid Bill
Even though I don't like the idea of another 1.9 Trillion dollars, I am going to take advantage of the benefits and that now includes a big change to the ACA. Details are sketchy, but apparently the subsidy cliff is eliminated and subsidies will be available to persons and families earning over the current income cliff of 400% of the poverty level. For us, on a personal level, it means we no longer need to manage our retirement income to below $63,000 where our premium is about $300 a month whereas if our income was $63,001 the premiums would jump to over $2000.00 per month. Much bigger deal to us than a $1400 check.
