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I wonder how many more folks would retire early if not for the burden of paying for their own private health insurance. Well, that burden may be lifted in 2014. My state has a website with a calculator that tells you how much subsidy you'll get for your health insurance premiums and even your out-of-pocket expenses, starting in 2014 and assuming that ObamaCare is unchanged by then. You plug in your income, age and number of people in the household and out pop the answers.

This site was brought to my attention by an early-retired friend here in Portland who is around 50 now. Based on what I know about his employment history, prowess at investing, frugality and current lifestyle, I'd estimate his net worth to be in the neighborhood of $1.5M. But because of his asset allocation and the judicious management of his capital gains and losses, his income is low enough as to not reflect his wealth. And for that reason the calculator shows that he qualifies for a huge subsidy, bringing his current $650 premium cost down to $125, with the taxpayer picking up the difference.

I did some playing with the calculator and found that a couple age 61 can have up to $62,077 in income and still qualify for a huge subsidy. We would have come very close to qualifying at that age and we're a bit farther into the seven-figure realm than my friend.

I don't know how much this varies from state to state.

On behalf of my millionaire friend, I'd like to thank your kids and grandkids for working hard to provide the tax revenue that will enable him to spend more on travel.

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