Health insurance for early retirees with substantial liquid assets
We are in our early 50s, living in VHCOL place. We have about $10.5mil liquid assets ($197K Roth, $2.98mil in 401(k)/IRA, $7.5 mil in brokerage), we own ~$1mil home with no mortgage.
HHI is ~$450k.
We are thinking about retiring in few years. We need about $180k to live on.
Biggest concern for us is health insurance. Unsubsidized ACA costs $30k just in premiums for a couple in mid 50s plus $15k+ deductible. We have some health issues so we will eat through this deductible. So we are looking at $40k+ healthcare cost which is a effectively a huge tax on us.
We wonder if we can use some sort of liquid assets backed loan given we have substantial liquid assets to cover our living expenses at least partially to bring our MAGI to 0 and qualify for ACA subsidies and cost sharing for deductibles. Home equity won't work for us since we will need renewable loan for over a decade until Medicare at age of 65. We will also be stuck on our current home if w decide to relocate.
Has anyone done this? Any other possible solution for bring health insurance to a reasonable value?