Thank you for your response. You are correct, my Medicare start date was June 1, 2025 and I had single insurance coverage. I received varying responses about how the excess would be calculated and I did, unfortunately, withdraw the actual amount of contributions from June through December.
So, using the 5/12's method the withdrawal should have been $1591.69. Using the actual contribution method, which is what I used, the withdrawal amount was $1811.55. I made a whopping $34.37 in interest income.
Also, your answer says to be sure to say I didn't have qualifying insurance for the full year. Won't this get me in trouble with the Insurance Marketplace police? If the answer to that is no, then I assume I choose none for the months of June through December?
