How to Prevent Retiree Health Insurance Costs From Skyrocketing Under OBBBA
Are you planning to retire before age 65 and concerned about health insurance coverage? Ty Bernicke, CFP®, President and CEO of Bernicke Wealth Management, explains how the One Big Beautiful Bill Act (OBBBA) could significantly affect health insurance costs for retirees who use the Affordable Care Act (ACA) or state-run plans before Medicare begins. This video details how changes under OBBBA may reinstate what’s known as the “premium cliff,” where even a small increase in modified adjusted gross income (MAGI) could result in a sudden and substantial rise in health insurance premiums. Ty outlines the types of income that do—and do not—count toward MAGI, and shares strategies to help retirees manage their income and potentially qualify for valuable health insurance tax credits. Topics covered: How OBBBA impacts ACA and state health insurance plans for people retiring before 65 The role of MAGI in determining your health insurance costs What income sources are included and excluded from MAGI calculations Examples of how keeping income under certain thresholds can result in significant savings Practical strategies for retirement planning to help avoid unexpected increases in insurance expenses 🔴 Schedule a quick 15-minute call with one of our financial advisors to discuss your most pressing questions related to retirement: https://on.bernicke.com/4esUvVq ✅ Access Our Free Financial Planning Resources (Guides/Checklists/Articles): https://bit.ly/4dKogAr 🕘 Chapters 00:00 - OBBBA and Managing Retiree Health Insurance Costs 00:29 - Health Insurance Options Before Medicare (ACA and State Plans) 00:59 - Why MAGI Matters for Health Insurance Premiums 01:22 - What Counts and Doesn’t Count Toward MAGI 02:44 - Planning Investments to Lower MAGI and Health Insurance Costs 03:14 - The “Cliff” and Its Impact 04:44 - Strategies to Avoid Major Increases in Premiums ➡️ About Ty Bernicke, CFP®, President & CEO Ty Bernicke is the President and CEO of Bernicke Wealth Management. His research on investment management, retirement planning, and tax minimization strategies has been published or recognized by The Wall Street Journal, The Chicago Tribune, Futures Magazine, and many other well-known national news organizations. Ty has been recognized as a Best-in-State Wealth Advisor in the state of Wisconsin by Forbes for seven consecutive years. Ty is also a current member of the Forbes Finance Council. This council is an invitation-only organization comprised of senior-level executives in the financial services industry who provide written content on financial topics for Forbes. https://bit.ly/4ezQm0l 🔗 Stay Connected With Us: Subscribe to our YouTube channel: / @bernicke Connect on LinkedIn: / bernicke-wealth-management Find us on Facebook: / bernickewealthmanagement #wealthmanagement #retirementplanning #financialplanning #financialadvisor #investmentmanagement #retirement DISCLAIMER: The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. The economic forecasts set forth in this material may not develop. Advisory products and services offered by Investment Advisory Representatives through Bernicke Wealth Management, a Registered Investment Advisor. Securities offered by Registered Representatives through Private Client Services, Member FINRA/SIPC. Private Client Services and Bernicke Wealth Management are unaffiliated entities. Bernicke Wealth Management and Private Client Services do not offer legal or tax advice. Always consult a legal or tax professional regarding your specific situation.
