OBBBA Part 2 – The Impact on Health Care & Retirement Plans

📢 OBBBA Part 2 – The Impact on Health Care & Retirement Plans

Purpose:

To provide a high-level overview of the key changes introduced by the One Big Beautiful Bill Act (OBBBA) Part 2, with a focus on how it will affect taxes, retirement accounts, Medicare/Medicaid eligibility, and health care benefits.

Key Topics to Be Covered:

1. Tax Law Changes

   • Permanent codification of current tax brackets

   • Increase in standard deduction (up to $15,750 in 2025)

   • Roth conversion and withdrawal planning window

2. Medicare & Medicaid Updates

   • New eligibility and work requirements for Medicaid (starting 2027)

   • Changes impacting low-income and early retirees

3. Retirement Distribution Rules

   • RMD age potentially increased to 75

   • Adjustments to RMD calculations and timelines

4. Health Care Benefit Impacts

   • Long-term effects on retiree health access

   • Increased need for proactive planning and compliance

Why It Matters:

These changes could significantly impact how individuals plan for retirement, access health care, and manage income taxes. Employers, retirees, and benefits professionals must prepare to adapt.

Presented by: Michael Abbate, Partner ATLAS CPA’s & Advisors PLLC – Certified Financial Planner

***EVENT LOCATION UPDATE*** This event is VIRTUAL

• Lunch is on your own
• Educational Meeting ~ 12:00pm-1:00pm and will earn attendees 1 RCH’s
• Chapter Business Meeting ~ 1:00pm-1:30pm