The subsidies are not yet means tested. They are determined by income. Me, worth a whole bunch but will have little income next year - think I’ll get a cheap plan rather than the $900/month COBRA I have now.
Go for it.
With Biden Bucks, “… monthly premiums payments at $0 or just a few dollars monthly for most people who sign up.”
No real “affordable” plans. I just retired from my main gig which goes to the end of this month. After that I chose Excellus over Fidelis based on reviews. With subsidy, approx $350 a month. (Medical/dental silver plan for me and DH).
“think I’ll get a cheap plan rather than the $900/month COBRA”
Good move! I did just that when I retired in 2017. I stuck with COBRA until the end of the year, then I went on a cheap Obamacare plan. I had to cough up a few grand for carpel-tunnel surgery, but overall, it worked out great. Just keep your income under that magic number, which was ~$45K. One thing to keep in mind is that a lot of the cheap plans are HSA compatible. You can squirrel an extra ~$4500 and take it off your MAGI. I have just now finally drained the HSA after going on Medicare 2 years ago. Most of it is in my mouth, but at least it was tax free.