She Kept Her Obamacare Plan and Its Subsidy Past 65. The IRS Took the Subsidy Back at Tax Time, and Medicare Added a Penalty for Life.

She Kept Her Obamacare Plan and Its Subsidy Past 65. The IRS Took the Subsidy Back at Tax Time, and Medicare Added a Penalty for Life.

Turning 65 triggered Medicare automatically, but two separate systems kept sending money as if nothing had changed, and neither one warned her that a five-figure tax bill and a permanent monthly penalty were quietly taking shape.

She Kept Her Obamacare Plan and Its Subsidy Past 65. The IRS Took the Subsidy Back at Tax Time, and Medicare Added a Penalty for Life

The post She Kept Her Obamacare Plan and Its Subsidy Past 65. The IRS Took the Subsidy Back at Tax Time, and Medicare Added a Penalty for Life. appeared first on 24/7 Wall St.. She turned 65 in March while already collecting Social Security. Medicare automatically enrolled her in premium-free Part…