The Medicare coverage you choose determines how much money you pay out of pocket for medical care during retirement, which medical providers can give you fully covered care, and other results. Choosing Medicare coverage can be a daunting process. First, you decide whether to enroll in a Medicare Advantage plan or stay with original Medicare and add a Medicare supplement policy and a Part D prescription drug policy. Some people choose original Medicare but don’t add both a Medicare supplement and Part D prescription drug policy. Not adding that coverage often costs them more money in the long term. Then,…

Marketplace insurance plans are health insurance policies available to individuals and families through a health insurance marketplace or exchange. Marketplace plans might also be referred to as Obamacare plans or Affordable Care Act (ACA) plans.There’s no income limit for marketplace insurance, but there are income limits for marketplace insurance subsidies that can help make that insurance more affordable.What are marketplace insurance subsidies?Marketplace insurance subsidies can significantly reduce what you pay for a marketplace insurance plan:The different subsidies each have their own income limits and other eligibility requirements.What is the income limit for the marketplace premium tax credit?Broadly speaking, you’re eligible…