By Jae Oh


The challenges of planning for health insurance costs in retirement do not receive the attention that they deserve. Even one dollar of extra income can boost annual Medicare premiums by hundreds or thousands of dollars for millions of Americans. While such increases constitute a hardship for many senior citizens, relief is available for those who qualify. This short article will describe how the Affordable Care Act’s Advance Premium Tax Credit (“APTC”) and Medicare’s income-related monthly adjusted amount (“IRMAA”) can be used as part of an integrated financial plan to help defray such costs as much as $20,000 annually.

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Jae Oh is the published author of Maximize Your Medicare (Allworth, 2022), a Certified Financial Planner™, and founder of GH2 Benefits. For a decade, he has been a contributor to the Medicare audience, aimed at both consumer and professional groups, on local and national levels. GH2 Benefits is a comprehensive financial planning firm with clients nationwide. Mr. Oh is a graduate of the University of Michigan (Ann Arbor), and the University of Chicago Graduate School of Business (Booth).

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