b'4 PRIVATE HEALTH INSURANCE PLANS These clients have cash reserves and/or after-tax investment For healthy clients, short-term private plans may be an option.accounts that support living expenses without creating too Because these plans can deny coverage for pre-existingmany dividends/interest/capital gains. Some clients can conditions, they are not a good idea for everyone. Newdo smaller ROTH IRA conversions or IRA withdrawals to legislation is also in place to try and limit short-term plansgenerate income. For these clients, we can play within the to only three months, with a one-month extension.Marketplace income rules and drastically reduce costs.5 HEALTHCARE.GOV (MARKETPLACE) However, not everyone can uniquely target their income to One of the most popular options we address with clients istake advantage of low-cost insurance premiums.As we craft the Healthcare.gov Marketplace. For clients younger than 65,long-term plans we ask,this option is available without the need to worry about pre-existing medical conditions.The Marketplace has a wide-ranging number of plans and What is most important to you?costs. Subsidies to help offset the costs of premiums mayWhat are your goals over the next be available based on household size, income, and plan10, 15, 20 years?affordability. If this is the best (or only) option, we like toFor many people, peace of mind, security sit down with a trusted insurance professional to guide usand freedom are top of the list.through the litany of companies, tiers, and service areas.WHAT DOES INSURANCE PLANNING LOOK LIKE AT RK?When life transitions occur, we start asking clients questions to help guide us to the right answer. The solution is not always immediately clear, and may even change from year to year. Most importantly, the answer should be tailored to the clients needs.For example, the primary insurance carrier may decide to leave a job with group coverage to start a business. If its late in a calendar year, and the family has already met the deductible, it might make sense to pay for COBRA for a couple of months (especially if there are expected medical expenses). For this family, we weigh the cost of COBRA and potential out-of-pocket costs against the costs of a new plan and, possibly, a new deductible. Then, we would consider a Marketplace plan for the next calendar year. We may be able to do strategic income planning to help the family qualify for premium subsidies.We also help spouses compare employers group plans. Spouse A may have their entire premium paid by the employer, but family coverage is expensive. So, Spouse BHealth insurance should not always be a low-cost game. If carries the dependent kids on their workplace coverage.COBRA is the best choice for your needs, then by all means, If Spouse B loses this insurance, we look at the options. Islets plan on that. If your investment income keeps you from family coverage through Spouse A affordable? If not, wequalifying for the highest subsidies, well seek out whats best may find a Marketplace plan for the rest of the family. long term. Even when we cant reduce the costs, we factor those costs into a plan to help provide peace of mind. As your Some of the most interesting planning we have done is fortrusted advisor, we want to meet you where you are. We want clients who are not yet 65 but in a unique position to meet ato help you reach your goalsto thrive mentally, physically specific income level for Marketplace subsidies.and financially.19'