Financial Planning for Healthcare in Retirement: Understanding ACA Subsidy Options

As you plan for your financial future, it’s essential to consider healthcare expenses, especially if you have pre-existing conditions like Type 1 diabetes. The Affordable Care Act (ACA) provides financial assistance to help make health insurance more affordable for individuals and families. In this blog, we will explore the income limitations and other factors that may affect your eligibility for ACA subsidies and discuss strategies for managing healthcare costs during retirement.

ACA Enrollment and Income Limits

To qualify for ACA subsidies, you must enroll in a health insurance plan through the Health Insurance Marketplace (also known as The eligibility criteria include:

Income Limits: Your yearly income must fall within certain limits to receive subsidies. For 2024, the income limits are as follows:

Individuals: $51,520 or less
Families of four: $138,950 or less

Citizenship or Legal Residency: You must be a U.S. citizen, national, or lawful permanent resident.

Do ACA Subsidies Have Asset Limits?

No, ACA subsidies do not have any asset limits. Your assets, such as savings, investments, or property, will not affect your eligibility for ACA subsidies. The ACA only considers your yearly income when determining subsidy amounts.

Strategies for Financial Planning in Retirement

Managing healthcare costs in retirement can be challenging, but there are strategies you can employ:

Maximize Retirement Savings: Contribute as much as possible to retirement accounts like IRAs and 401(k)s. Withdrawals from Roth accounts do not count towards your income, which can help you maintain subsidy eligibility.
Explore Health Care Sharing Ministries: These organizations offer an alternative to traditional health insurance and may be more affordable for some individuals.
Consider International Options: If your chronic condition requires expensive medications, you may consider purchasing them from other countries where they are sold at a lower cost.
Seek Financial Assistance: There are various non-profit organizations and government programs that provide financial assistance with healthcare costs for low-income and disabled individuals.

Insulin Costs and Insurance Coverage

Insulin costs can be a significant financial burden for people with Type 1 diabetes. ACA plans cover insulin costs, both for traditional syringes and insulin pumps. Additionally, some manufacturers offer patient assistance programs that provide free or low-cost insulin to eligible individuals. Exploring these options can help reduce the financial impact of insulin therapy.


Managing healthcare costs in retirement, especially with a pre-existing condition like Type 1 diabetes, requires thoughtful planning. By understanding the ACA subsidy options, exploring alternative cost-saving strategies, and seeking financial assistance when necessary, you can develop a comprehensive plan that ensures access to affordable healthcare. Remember, you are not alone in navigating these challenges. Our licensed agents are readily available to assist you with enrollment and answering any questions you may have.

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