I'm curious to know if my wife and I take a Roth Distribution (withdrawal) will this be counted as income in the eyes of Covered CA and lower our premium assistance we receive? A couple of facts regarding us:
- We're both over 59 ½ and we both have had our Roth IRA's for more than 5 years.
I believe if we meet the two criteria above we aren't subject to tax on a distribution but I just want to ensure the rules regarding Covered CA and the "countable sources of income".
Thank You!