Income needed for Obamacare requirements

[Eric_W]

I just retired and am 58 years old. I am checking into Obamacare and in the State of Florida in order to qualify I have to be able to show at least $14,800 of income on my Taxes. My question is if I convert $15000 of Traditional IRA money into a Roth will this money count as Income toward meeting that requirement? Also when I reach 62 years old will my Social security money count towards that?

[Katie-P · Accepted solution]

Hi Eric_W!

Thanks for participating in today's event.

The answer to both of your questions is yes. Each of these will count as income towards meeting the requirement. Here is a great resource you can check out: https://www.healthcare.gov/income-and-household-information/income/.

I hope that information is helpful, Eric. Happy retirement!

All the best,

Katie