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Estimate for Health Care Insurance
Old 06-08-2013, 05:13 PM   #1
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Estimate for Health Care Insurance

I work for a mega-soup company which will provide $ 440 or so stipend to purchase insurance till age 65.

I do not have a clue as to what the total cost would be, therefore what my balance of the costs

Looked/searched, No Joy,

Thanks,
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Old 06-08-2013, 06:16 PM   #2
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If you live in a state that has already made available parts of its health exchange you can go there to look at the preliminary estimates. Otherwise you can look at the KFF calculator Subsidy Calculator | The Henry J. Kaiser Family Foundation or the Berkeley calculator for estimates National Health Care Calculator
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Old 06-08-2013, 07:10 PM   #3
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IIRC, CA, VT, and WA have some prelim figures for 2014 HI premiums under their individual Exchanges. And MA, of course, which has been under Romneycare for a while. Most states have yet to publish specific HI premiums for bronze/silver/gold HI plans under their Exchanges, but I expect more info to come out soon since Oct 1 is fast approaching (1st signup date for 2014).
Unfortunately, purchase of HI premiums is only the beginning of overall health care costs. Depending upon personal circumstances (health issues, finances, etc.), many also find it useful to budget a portion of their out-of-pocket max each year to help cover deductibles/copays/etc.
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Old 06-08-2013, 07:35 PM   #4
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Thanks MichaelB,
I did not get the Kaiser model to work??
The UC Berkley did provide a $ 1,500 for family of two, no children considered.

I am currently in NJ, but look to relo to FL in 3 or so years.
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Old 06-08-2013, 07:53 PM   #5
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In MA a 51 year old single male can get a good Bronze plan for around $440

If you are married similar coverage will cost around $900/month

https://www.mahealthconnector.org/po...tte.cachetoken

Remember MA has high medical costs so you should pay less in other states.
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Old 06-09-2013, 04:36 AM   #6
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We worked some of the numbers last weekend, as part of our financial planning efforts related to estimating expenses in retirement. Since my spouse is an expert in ACA, I delegated the responsibility. The number my spouse came up with was $10,800 annual for a decent plan for the younger of us (with the older of us on Medicare). That's in today's dollars. FWIW.
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Old 06-09-2013, 05:15 AM   #7
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Thanks all,

This was one of my last undefined costs, planning for retirement.
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