I'm curious to know if my wife and I take a Roth Distribution (withdrawal) will this be counted as income in the eyes of Covered CA and lower our premium assistance we receive? A couple of facts regarding us:We're both over 59 ½ and we both have had our Roth IRA's for more than 5 years.I believe if we meet the two criteria above we aren't subject to tax on a distribution but I just want to ensure the rules regarding Covered CA and the "countable sources of income".Thank You!

Question

Roth Distribution and Covered CA

Forum|Forum|6 years ago
January 27, 2020
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I'm curious to know if my wife and I take a Roth Distribution (withdrawal) will this be counted as income in the eyes of Covered CA and lower our premium assistance we receive? A couple of facts regarding us:

We're both over 59 ½ and we both have had our Roth IRA's for more than 5 years.

I believe if we meet the two criteria above we aren't subject to tax on a distribution but I just want to ensure the rules regarding Covered CA and the "countable sources of income".

Thank You!