Taxes, COBRA, Unemployment, Government Assistance & Health Insurance/Medicare

08/06/2020 22 min Episodio 117

Listen "Taxes, COBRA, Unemployment, Government Assistance & Health Insurance/Medicare"

Episode Synopsis

In this Episode:

I received $ from the government, is Medicaid, CHIP, health insurance subsidy (APTC) affected?

I receive unemployment benefits, is Medicaid, CHIP, health insurance APTC affected?

Should I accept COBRA?

Should I keep or cancel COBRA and enroll in Medicare?

Very complicated, the main point is that you cannot simply rely on a "rule of thumb," because when the Advance Premium Tax Credit (which lowers your health insurance premium) is involved, that means taxes, which involves the IRS. So now you know for sure it'll be complicated.