Retiring mid year and Affordable Care Act coverage

Home Forums Suggestions Retiring mid year and Affordable Care Act coverage

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    Santa Bernard
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    I am a 62 year old teacher who plans to retire in July 2016. Due to the fact that for 2016, my teacher’s salary will actually be 3/4 of my 2016 yearly salary, and my teacher’s pension will be for 6 months of 2016, I am well over the 400% of the poverty level for 2016. Is there some way I can qualify for ACA health insurance subsidies based solely on my “new yearly income” of 6 months of my teacher’s pension for 2016? Or do I have to wait until 2017, when my only income will be 12 months of my teacher’s pension?

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