nun
Thinks s/he gets paid by the post
- Joined
- Feb 17, 2006
- Messages
- 4,872
Coming up to retirement has caused me to look at my insurance and I really think that I've been over insured most of my life.
Take the car. I have the standard compulsory insurance for bodily injury plus collision and and comprehensive with $500 deductibles. Now that my car is 7 years old and has $120k on the clock I might just drop the collision and comprehensive and save myself $400 a year.
Medical is another area, I could go with a COBRA plan with low deductibles for $5k a year or a Bronze high deductible plan for $2k a year. My max cost per year on the Bronze plan will be $8.35k (premium plus out of packet max) and as I'm healthy I think the Bronze plan is the way to go.
Dental is a different matter as I've had a few crowns and root canals in the last couple of years so I think I'll spring for the $25/month COBRA continuation.
Life insurance, I'm single and have no dependents and so do not buy any insurance over and above what work provides.
House Insurance. This seems pretty difficult to reduce. I pay $1250 a year right now.
Take the car. I have the standard compulsory insurance for bodily injury plus collision and and comprehensive with $500 deductibles. Now that my car is 7 years old and has $120k on the clock I might just drop the collision and comprehensive and save myself $400 a year.
Medical is another area, I could go with a COBRA plan with low deductibles for $5k a year or a Bronze high deductible plan for $2k a year. My max cost per year on the Bronze plan will be $8.35k (premium plus out of packet max) and as I'm healthy I think the Bronze plan is the way to go.
Dental is a different matter as I've had a few crowns and root canals in the last couple of years so I think I'll spring for the $25/month COBRA continuation.
Life insurance, I'm single and have no dependents and so do not buy any insurance over and above what work provides.
House Insurance. This seems pretty difficult to reduce. I pay $1250 a year right now.