Something not mentioned here – because of course Piggs are all highly paid… but there are subsidies for those making less than 4 times the poverty level.
For a family of four – that means your modified AGI (agi with some specific tax deductions added back in), can be as high as $92k.
I’m hoping to retire early, once my mortgage is paid off. Part of that plan is to control spending… and our planned budget is less than that $92k MAGI. (And still living a nice, middle class life). This is doable because we won’t have PI mortgage… just taxes, insurance, and maintenance for housing.
There is a LOT of discussion about this on the early-retirement.org forums.
I have insurance through my employer and currently pay about $300/month for a family of 4, for Kaiser Permanente. My employer is paying about $800/month. COBRA is about $1100/month for the same coverage. Kaiser’s site gives me a price of about $1200/month for similar coverage, but a copay of $50 instead of $20. And the silver plan (with no tax credit subsidies) is about the same as the COBRA. (But with a deductible.)
If you want to see how your family would fare… You can price the silver plan online.
