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Old 01-12-2015, 12:30 PM   #21
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Golden handcuffs for sure. The few friends that I've told about our plans are shocked that we're leaving the workforce so young. Our combined income is hefty and they say we should 'make hay while the sun shines'.

We have plenty of hay stored away and are ready to take the leap while the sun is still shining!
You are absolutely doing the right thing. More money can't buy you time. If you have enough it's time to go and enjoy life. Most people don't have enough so they cannot comprehend leaving early. Or they want more to try and win the game.

Enjoy the sunshine!!!!!!
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Old 01-12-2015, 12:45 PM   #22
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I've been looking at HI on the exchange and it makes me really nervous.

We have a great PPO now and like our doctors. The lowest cost plans are HMOs and our docs aren't on them.

If I remember back to our early days when we had an HMO, we weren't covered out of network.

If we were to travel and had an HMO, if we got sick (other than an emergency) we pay 100% out of pocket for care, right?
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Old 01-13-2015, 09:40 AM   #23
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Congratulations Lisa99 !

Healthcare was the scariest part of deciding to ER. In Florida our Governor is very much anti-ACA so I could be one of those folks who can't get a subsidy. I've budgeted full ACA costs (no subsidy) plus full OOP max in my budget. I know I will hit the OOP max every year (pre-existing condition); DH may or may not.

Keep looking at the exchange. I found a very good PPO plan where all my doctors are included along with the good hospitals in the area.
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Old 01-14-2015, 12:45 AM   #24
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Congratulations Lisa99 !

Healthcare was the scariest part of deciding to ER. In Florida our Governor is very much anti-ACA so I could be one of those folks who can't get a subsidy. I've budgeted full ACA costs (no subsidy) plus full OOP max in my budget. I know I will hit the OOP max every year (pre-existing condition); DH may or may not.

Keep looking at the exchange. I found a very good PPO plan where all my doctors are included along with the good hospitals in the area.

I'm retiring in June or July (will be 57 and qualify to pull from retirement at that point). But having subsidized insurance is a key point; if not, I probably would be stuck in OMY for another year or two. I admire all of you who work it out without employer insurance (and feel very lucky). The out of pocket and shared costs seem high but puts a clear limit on yearly costs.
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Old 01-14-2015, 07:02 AM   #25
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I've been looking at HI on the exchange and it makes me really nervous. ....
One angle to look into that is working well for us is catastrophic coverage.

We are both relatively healthy and need insurance to protect us from an unexpected expensive illness and give us access to negotiated rates with health care providers. In most years, out out of pocket costs are only $0 to $3,000.

Under Obamacare, if the cost of the lowest cost bronze plan is more than 8% of your Obamacare MAGI (aka income) you can buy catastrophic coverage even if you are over 30.

In our state, catastrophic coverage is about 37% less than a comparable bronze plan, the network is identical, and the deductible is only slightly higher; but we give up being able to make HSA contributions and have to jump through additional hoops to buy cat coverage. I know in some other states that the difference between bronze and cat coverage is not so significant so cat coverage isn't worth the effort and giving up the HSA so YMMV, but it is working really well for us.

Since these policies have aggregate deductibles, we save even more by having two individual policies rather than one policy that covers both of us since the premium is the same but the insurance will kick in earlier.
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