I'm just...really lost and scared with all this. I feel like I've never made more money in my life, but at the same time so squeezed at the same time.
So, my wife and I have an enormous amount of debt in the form of student loans. Unfortunately (or, fortunately?), since I've been making a little more money, obviously this has caused our healthcare subsidy to decrease. Similarly, now that I'm making more money, we're pretty likely to get denied for income based referral on student loans later this year. So now, not only is our healthcare more expensive, but I'm preparing myself for another monthly bill to add to our pile. It's like...I just paid off a credit card to free up our ability to pay off debt, and it's about to instantly get replaced because I make more money now.
How am I supposed to make any progress with this? The easiest way to do this would be to spend less on our healthcare, which we never use. Unfortunately, without a subsidy, any plan that isn't worthless would cost us between like, $450 and $650 a month. I was excited to make more money recently...until realizing that it feels like any money I make is just going right back into our healthcare. I feel like we were more steadily paying off debt when we had less money, if that makes sense. I've never really been nervous about making more money before.
The easiest way to remedy so much of this would be to find an employer that will pay for healthcare...but it's kind of rare in my line of work (creative).
Edit: I Do get a small reimbursement from my employer, but at the moment, all it does is REPLACE money that I get on the exchange. It means I'm using less of a tax break and am less risk to pay back any underestimated income, but it feels pretty pointless.
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