Healthcare expert Jae Oh warns of major changes to health coverage under the One Big Beautiful Bill Act, potentially impacting Medicaid, ACA, and Medicare Advantage plans. 17 million Americans could lose insurance due to Medicaid cuts and ACA changes, leading to increased financial burdens for retirees and those without employer-based insurance. Medicaid work requirements now demand proof of 80 hours worked per month. Oh advises monthly status checks due to increased complexity. ACA marketplace faces financial threat with ending APTC subsidies, potentially raising premiums by $6,000 per year. Middle-income families could see healthcare costs rise substantially. Declining enrollment could destabilize ACA marketplace, impacting carriers and individuals. 4-8 million people may lose ACA subsidies if APTC ends, raising concerns for those without employer coverage. Consider using KFF ACA Marketplace Premium Calculator to estimate future premiums. Oh advises preparation and reassessment of coverage and savings goals if subsidies disappear. Medicare beneficiaries may face reduced benefits, higher costs in MA plans. Annual Election Period crucial for active plan comparison. Recently laid-off workers face tough decisions between COBRA and ACA marketplace plans for continued coverage. Former employees are responsible for full monthly premium costs under COBRA, often exceeding $800 for individual coverage. ACA marketplace plans may offer cheaper options, but subsidies may expire. Comparing benefits and costs is complex. Reach out to Robert Powell for retirement questions on Decoding Retirement every Tuesday. Watch on our video hub or preferred streaming service.

Read more at Yahoo Finance.: Healthcare expert warns of coverage shock under ‘One Big Beautiful Bill’