The inherited IRA is less than $100K, so it won’t push me into IRMAA. Initially I was concerned about IRMAA, but after looking at the details I realized we’d never hit it.
Current income is interest and dividends. I did have a stop-loss trigger last month, so there will be some proceeds from that. However, they should be tax-free since our income is well below the ~$90K threshold for cap gains to be taxed. But it might affect the PTC, which is a bummer.
I will have an RMD from the inherited IRA. Not sure how much, but if I take the minimum it shouldn’t be an issue (it would be maybe $10K at most). I still have 8 years to finish distributing it. But I had planned to take it all before I turned 63. I will wait until later this year to decide in case of tax law and ACA changes.
I turn 62 this year. So next year is 63. As I recall, the premium I have to pay for Medicare is set by my income in the year I turn 63, correct? I will only have a few months in the year I turn 65, so may need to get a “short term” policy that I have seen offered for people whose qualification status changes between enrollment periods. 1poorlady is later in the year. I’m assuming she’ll have to get an individual policy. I may need to speak with someone who specializes in insurance (doesn’t Healthcare.gov offer advice via phone?).
As you said in this thread, a lot of moving parts.
Absolute worst case, we could use the inherited IRA to cover medical insurance until we’re both of Medicare age. I did some looking yesterday, and a lot of companies seem to offer only ACA plans and employer (or self-employed) plans. One of the few exceptions was BCBS, which had a family plan (2 people) for $3000 per month, $10K deductible. Painful, but doable. I won’t go without insurance. Too risky.