ACA subsidies are based on income, not net worth. If you quit your job and you're in a state that expanded medicare, or if you can pay yourself a bit above the poverty line, you can take care of most of the cost with subsidies.
Do the subsidized plans actually cover anything? I'm on an Obamacare plan that basically covers catastrophic health care and everything else I pay for.
If it's a subsidized catastrophic plan that's not helpful. I'd be surprised if they subsidized one of the regular plans in full.
It's not a subsidized catastrophic. The subsidy is pegged to the 2nd cheapest silver plan in your area. Silver is 2 steps above catastrophic coverage (catastrophic > bronze > silver > gold > platinum).
The subsidy is calculated so that you won't have to pay more than x% of your income for the 2nd cheapest silver plan. 2% of your income if you make between 100% and 133% of the federal poverty level, and 9.5% if you make between 300% and than 400%. With a sliding scale in between.
The real problem happens when you make below the poverty level, but you live in a state that hasn't expanded medicaid. Then thanks to the governor's of those states, you get nothing.
ACA subsidies are based on income, not net worth. If you quit your job and you're in a state that expanded medicare, or if you can pay yourself a bit above the poverty line, you can take care of most of the cost with subsidies.