Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Health Insurance Premiums for 2014
Old 12-17-2013, 07:27 AM   #1
Thinks s/he gets paid by the post
frayne's Avatar
 
Join Date: Oct 2002
Location: 19th Hole
Posts: 2,530
Health Insurance Premiums for 2014

Currently have pre-Medicare retiree health insurance from mega corp. through Aetna. Insurance is your basic 80/20 plan and covers DW and myself. Paying about $550 a month and trying to get some idea what the premiums may be for 2014.

Has anyone here received any information on retiree health care costs for 2014 yet ?

Appreciate any and all replies in advance.
__________________

__________________
A totally unblemished life is only for saints.
frayne is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-17-2013, 07:43 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
 
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 7,437
$270 just for me through BCBS. Didn't do ACA for 2014 due to the limited network offered through the one company participating in Obamacare in my area. Hoping that more options will surface the following year.
__________________

__________________
Retired 3/31/2007@52
Full time wuss.......
Dawg52 is offline   Reply With Quote
Old 12-17-2013, 08:24 AM   #3
Confused about dryer sheets
 
Join Date: Jan 2013
Location: Grand Junction
Posts: 5
Currently paying $662/mo for DW and myself for COBRA Aetna 80/20 policy. 2014 price is going up 24%, COBRA ends in Aug so will switch to an ACA policy in Jan.
__________________
TerryA is offline   Reply With Quote
Old 12-17-2013, 08:47 AM   #4
Recycles dryer sheets
 
Join Date: Jun 2011
Posts: 81
$330 something per month thru National Association of Letter Carriers for self-and-family coverage (+ I have to pay about $35 per year to belong to their union)

This is a FFS plan through FEHB with about 70% of the rest of the premium being paid by the Fed Govt as a retiree benefit. Network is thru CIGNA. $20 office visits & pays on average about 85% for most things after $600 family deductible.

Dental coverage is an additional $1100 or so per year. Pretty much no Federal Employee health care plans offer dental anymore. You have to buy it separate. (a continuation of the ongoing erosion of benefits - wouldn't be surprised if they throw us all onto State exchanges in a few years)
__________________
retiredatfifty is offline   Reply With Quote
Old 12-17-2013, 09:06 AM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
Currently $160-ish for subsidized retiree medical (Aetna) and dental (Metlife). Increasing next year, another $20 or so...
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Old 12-17-2013, 09:30 AM   #6
Recycles dryer sheets
 
Join Date: Jun 2011
Posts: 81
Quote:
Originally Posted by frayne View Post
Currently have pre-Medicare retiree health insurance from mega corp. through Aetna. Insurance is your basic 80/20 plan and covers DW and myself. Paying about $550 a month and trying to get some idea what the premiums may be for 2014.

Has anyone here received any information on retiree health care costs for 2014 yet ?

Appreciate any and all replies in advance.
Coverages, deductibles and employer contributions are so variable between plans, I don't think any comparisons are valid unless you know the plans you are comparing are apples-to-apples.
__________________
retiredatfifty is offline   Reply With Quote
Old 12-17-2013, 10:06 AM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2013
Posts: 5,326
Under $200 a month for a Blue Cross Bronze PPO HSA for a family on an ACA exchange plan. Woooohooo. Big savings for us over 2013.
__________________
daylatedollarshort is offline   Reply With Quote
Old 12-17-2013, 10:26 AM   #8
Full time employment: Posting here.
 
Join Date: Apr 2006
Posts: 944
Still waiting to find out - we are losing Aetna (they are leaving CA). Have the paperwork in (I think...) still waiting for a reply.
__________________
Freed at 49. You only live once - live it
Donzo is offline   Reply With Quote
Old 12-17-2013, 11:12 AM   #9
Recycles dryer sheets
 
Join Date: Aug 2013
Posts: 270
BCBS of AZ allowed me to stay on current high deductible HI ($8K max out-of-pocket) until Dec 2014 for $182/month. I'm 50 with no pre-existing conditions. I did some checking on premiums under ACA and I could get a BCBS bronze plan for around $350/month before subsidy. If I believe the subsidy calculators and can control my MAGI to around $25K my premiums could be in the $150 range for a silver plan. I decided to stay with my current plan next year to see how the dust settles for ObamaCare.
__________________
bradaz2488 is offline   Reply With Quote
Old 12-17-2013, 11:28 AM   #10
Recycles dryer sheets
 
Join Date: Jun 2011
Location: Broomfield
Posts: 87
For 2014, my pre-Medicare retiree coverage from megacorp is $685/mo. for me alone. Wife has her own plan, same situation from same megacorp, and hers is also $685/mo. So that's $1,370/mo. for both of us.

I say "retiree coverage", but actually it just allows you to participate in their plan - there is no subsidy whatsoever. BTW this is a High-Deductible PPO w/HSA from Aetna.

Seems outrageously high, doesn't it? Years ago when megacorp dropped retiree medical benefits, they set up a Future Health Account for us. It was a nice chunk of change, and it can only be used to pay for premiums from megacorp's plans. So, I'm actually not paying any of that huge amount out-of-pocket - it will be covered by the Future Health Account for the next couple years. So that's the only reason I'm staying with such an outrageous plan for the moment.
__________________
psweath is offline   Reply With Quote
Old 12-17-2013, 11:43 AM   #11
Thinks s/he gets paid by the post
frayne's Avatar
 
Join Date: Oct 2002
Location: 19th Hole
Posts: 2,530
Quote:
Originally Posted by retiredatfifty View Post
Coverages, deductibles and employer contributions are so variable between plans, I don't think any comparisons are valid unless you know the plans you are comparing are apples-to-apples.
Good and valid point, just trying to get a sampling across the folks here. I have no doubt mine will go up, just kind of curious as to what other plans are doing and how big of increases.

One would think a general retiree (80/20) plan for a pre-Medicare folks would be somewhat in the same ballpark.
__________________
A totally unblemished life is only for saints.
frayne is offline   Reply With Quote
Old 12-17-2013, 11:50 AM   #12
Thinks s/he gets paid by the post
 
Join Date: Feb 2007
Posts: 2,423
Our retiree plan was $376/mo ($1628/mo before retiree allowance) in 2013 and it increased to $472/mo ($1818/mo before retiree allowance) for 2014. Those prices include coverage for both of us.

This plan has very low co-pays and a $850 deductible, which is far better coverage than we need.

For 2014 we have declined the retiree insurance and instead enrolled in an ObamaCare HDHP with HSA. The retiree plan used to not allow you to re-enroll if you left but they just changed that so we can come back if needed. Our costs would increase a huge amount as they are eliminating the spousal subsidy in stages between 2015 and 2017.
__________________
Married, both 62. DH retired June, 2010. I have a pleasant little part time job.
Sue J is offline   Reply With Quote
Old 12-17-2013, 12:37 PM   #13
Thinks s/he gets paid by the post
mpeirce's Avatar
 
Join Date: Feb 2012
Location: Columbus area
Posts: 1,590
Aside: I see these costs quoted "per month", but do people here actually pay it this way?

I know we pay for our various insurances annually (some like car insurance is yearly). This works for us since we are living off investments.
__________________
mpeirce is online now   Reply With Quote
Old 12-17-2013, 12:45 PM   #14
Full time employment: Posting here.
 
Join Date: Dec 2006
Location: chicago burbs
Posts: 559
When applying for ACA, I know we had more than $27,000 entered into the ACA site (but still got the Medicaid letter). Want to avoid Medicaid.
Not sure how to undo this.

Our scenario is we presently are covered by my former employer's retirement hc. The rub is it is $800 per month and it can be cancelled in years going forward (we are good for 2014). I know based on out limited income, the aca coverage (even a gold plan) with subsidies would be much cheaper. However, if I go to the exchanges, we cannot go back to my former employer's plan.

Also, looking far into the future, if the employer's coverage is still in place, it offers x/s coverage over Medicare at a present monthly cost of $691 (for both my wife and me). Not sure if this a reasonable price for x/s Medicare coverage.

Anyone out there with some comments or advice??
__________________
golfnut is online now   Reply With Quote
Old 12-17-2013, 12:51 PM   #15
Recycles dryer sheets
 
Join Date: Jun 2011
Location: Broomfield
Posts: 87
Quote:
Originally Posted by mpeirce View Post
Aside: I see these costs quoted "per month", but do people here actually pay it this way?

I know we pay for our various insurances annually (some like car insurance is yearly). This works for us since we are living off investments.
Yes, ours is a monthly deduction from our pension check.
__________________
psweath is offline   Reply With Quote
Old 12-17-2013, 02:42 PM   #16
Recycles dryer sheets
KM's Avatar
 
Join Date: Jan 2007
Posts: 391
$875/mo for 90/10 coverage for DH and myself with BC/BS. No increase from last year (which was a pleasant surprise....).
__________________
KM is offline   Reply With Quote
Old 12-17-2013, 03:44 PM   #17
Full time employment: Posting here.
Lakedog's Avatar
 
Join Date: May 2007
Posts: 654
My HDHP plan is going up 5% in 2014 (from $104.96/mo to $110.21).
__________________
Lakedog is offline   Reply With Quote
Old 12-17-2013, 04:37 PM   #18
Thinks s/he gets paid by the post
 
Join Date: Mar 2010
Location: Kerrville,Tx
Posts: 2,716
For my retiree health insurance 600 Dollar deductable my payment is 496 up 5 from 2013 company contribution is 354.
__________________
meierlde is offline   Reply With Quote
Old 12-17-2013, 04:44 PM   #19
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
bbbamI's Avatar
 
Join Date: Dec 2006
Location: Dallas 'burb
Posts: 9,039
No increase for 2014 regarding medical (United Health Care),vision and dental through retiree benefits. Combined cost is still $289 a month for DH and me.
__________________
There's no need to complicate, our time is short..
bbbamI is offline   Reply With Quote
Old 12-17-2013, 06:07 PM   #20
Recycles dryer sheets
 
Join Date: Nov 2013
Posts: 75
Increase of $45 per month x 2 on mine.
__________________

__________________
Theduckguru is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 11:39 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.