By karendamato
January 13, 2017
Chad Griffith

This week Congress moved a step closer to repealing the Affordable Care Act. Republicans say they will replace Obamacare with a better plan, but so far there’s little clarity on what that will be or when it will happen. For older workers who are not yet eligible for Medicare, it’s best to be cautious right now about taking early retirement or changing jobs if you will lose employer coverage. For those with job-based health insurance, be aware that a repeal of Obamacare affects you too, since many protections may be changed, including access to coverage if you have a pre-existing condition, free preventive care, and the law’s prohibition of lifetime and yearly dollar limits on benefits. (For more on unexpected fallout, see this article.) Still, there’s a possible silver lining: Upper-income Americans may get a nice tax break. Meanwhile, our best advice is to buy coverage now if you need it—the deadline to sign up for this year is Jan. 31. Get it while you can.

Best wishes,


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“Everyone has to make up their mind if money is money or money isn’t money and sooner or later they always do decide that money is money.”

–Writer Gertrude Stein


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