Reply To: Tax Time Nightmare….Trump’s Tax Reforms Cost me big time

@SyagLchochma
You know I have been a cheerleader for the ACA. I happen to live in a state where it works well (CT has its own healthcare exchange) and it is affordable. Unfortunately that is not the case nationwide.
I was reviewing the situation of a client couple in their early 60s in January. They both are drawing Social Security taken at 62 and job pensions. Their income is about 45K. They own their home free and clear, living it it for almost 35 years, children grown and gone. They purchased a Silver level choice PPO from Connecticare (a private insurance co) through the healthcare exchange. With the advance tax credit the monthly premium is $122.08 (for both). It has a $20 copay for primary care doc, $30 specialists, Drugs are $5, 20 and $35. The MAXIMUM out of pocket per person is $2500 per year ($5000/family).
The federal government charges me more than that each month for my basic medicare premium with less coverage and higher deductible and out of pocket costs.