Floridatennisplayer
Recycles dryer sheets
- Joined
- May 3, 2014
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- 485
So I will need health insurance for 2 years till Medicare. Hoping Trump care is a good deal. What are the other options? Independent agent or online health quotes?
The scariest factor for ER types was that even if you found coverage the plan could change or go away and you could find yourself out in the cold. All proposals I have seen for replacing the ACA have at least the concept of non-denial for people who maintain continuous coverage so, if something gets put in place most people with money should be OK. What would worry me would be a failure to arrive at a comprehensive plan in a reasonable time frame leading to insurers bailing from the system leaving some areas with no coverage. If you were stuck in a location like that you could find yourself unable to find any plan that would accept you. If I was nearing ER I would at least wait until I saw what happens in 2017 before bailing and probably wait until I was in COBRA range of Medicare. Sad state of affairs.About 10 years ago (before ACA and more reasonable health coverage in the US) I had a coworker who despite having a pretty large stash (early employee at a then and still successful large tech company) couldn't buy coverage because of a pre-existing condition. He was waiting for COBRA distance to Medicare before retiring.
If I was nearing ER I would at least wait until I saw what happens in 2017 before bailing and probably wait until I was in COBRA range of Medicare. Sad state of affairs.
I guess no one ER'd before ACA?
The Affordable Care Act as Retiree Health Insurance: Implications for Retirement and Social Security Claiming
of course they did - these guys say that ACA didn't materially impact ER but I don't have a full copy of the paper...yet
I will add that as an active employee my premium cost for first option is about $500/month. So the retireeversion is only slightly subsidized by megacorp if at all.Our choices for employer subsidized pre-65 retiree health care are as follows:
Same basic coverage as active employees. $1000 deductible per person with 80/20 benefit after deductible. Prescription drugs covered at a good rate/co-pay. Cost is ~$1700/month for family of 2 regardless of age and pre-existing conditions.
The lower level " Advantage +" plan is $1100/month for family of two. $2000 deductible per person then a 60/40 cost share after deductible. Prescription drugs benefit is about the same.
That latter is dlightly better than Obamacare bronze plans all around. The higher premium is slightly better than good silver and hold plans on the Obama exchange for my zip code. That said, they all suck. But if i want to ER then I have to budget those costs with expected premium increases each year.
I will add that as an active employee my premium cost for first option is about $500/month. So the retireeversion is only slightly subsidized by megacorp if at all.
It is probably not subsidized by your employer and is COBRA which is typically 102% of the employer's cost. If it was retiree health benefits (OPEB as Big Hitter refers to) then it would be available to you for the rest of your life, not just 18 months.
decent article from NYT on this
https://mobile.nytimes.com/2017/02/...html&eventName=Watching-article-click&referer
I guess no one ER'd before ACA?
I guess no one ER'd before ACA?
That article hits home with many ERs here because the ACA removed the 'job lock' the writer refers to (and on balance studies have backed this up). I know I wouldn't have left Megacorp a couple of years ago without it.
Beyond the job lock problem, one of the biggest (and perhaps insurmountable at this point) issues with current health insurance markets is the distortion caused by taxpayer and employer subsidized insurance. Not just because of the tax bennies for employer/employee but also because the employee often never sees the true cost of health care. The ACA didn't fix that issue but at least it provided an alternative.
So I will need health insurance for 2 years till Medicare. Hoping Trump care is a good deal. What are the other options? Independent agent or online health quotes?
I ER'd at the end of 2002 long before ACA. Much to my surprise I found it impossible to buy individual health insurance AT ANY PRICE due to pre existing conditions that to my way of thinking were pretty minor but I tried every single insurance company available in my location and they all rejected us.I guess no one ER'd before ACA?