65-under retirees boost Marketplace health insurance use with lower premiums through 2025, but face potential "phantom tax" if income rises.

Younger retirees under 65 are increasingly using Marketplace health insurance, benefiting from lower premiums due to enhanced tax breaks extending through 2025. However, they risk a "phantom tax" if income rises from early Social Security claims or Roth IRA conversions, which could eliminate eligibility for tax credits. Experts recommend careful financial planning to maintain eligibility and minimize taxes, potentially saving retirees significant amounts annually.

September 03, 2024
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