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Yikes!!! I took time to look up avg costs in Fairfield for a 60 yr old woman buying through the CT marketplace. Rates are bronze $500-$700, silver in the $800s, gold plans are $900-$1000, and one for $1100 per month for platinum. Our policy last year for the two of us with my husband at 64 was only around $1100, and we have a higher than avg cancer rate here too.

She went elsewhere for 2013, so just getting her off extension for 2014 and seeing her income and the 1095-A. (I don't think she had any advice when she took a $42,000 distribution from her IRA during 2014 to live off of.) She'd always been employed with health coverage. I think she wouldn't have bought insurance at all at full price. After all, with a low-end house in a city and not a nice suburb with about $24,000 mortgage payments and $8,000 property tax and heating oil and electricity and food and gasoline, she really doesn't have $7,000 left over for health insurance out of her $48,000 income. If I had to write a $7,000 check right now to the IRS, I'd have to cancel my health insurance going forward.