Simon and his wife are in good health in their early 60s, but worry about what their health care may cost them in the next few years. They’re too young for Medicare, which kicks in around 65. But paying for private insurance in the gap years between their planned retirement and their 65th birthdays seems like a big financial burden. Must Read Simon plans to retire at 63, when he’ll get $36,000 a year in Social Security benefits. He will also withdraw $14,000 a year from his 401(k), bringing his total re ...

Insurance plans under the ACA have always offered subsidies, known as premium tax credits, that make them more affordable for people in lower-income households. What is set to expire at the year’s end is the “enhanced” set of subsidies put in place as a pandemic relief measure during the early Biden administration. Those subsidies meant that many more households could qualify for help paying their insurance premiums.The higher costs could drive an estimated 4 million people away from the marketplace, sendin ...