What do you pay for healthcare premiums

[sheehs1]

I'm paying $454 a month for BC/BS PPO for one person, $3,500 deductible, 0% co-insurance (once I hit the deductible that is all I pay) with dental and vision. Not an ACA compliant plan. Don't know what it will be for 2015. Also don't know if BC/BS of Va will role this plan out again but they might considering our President allowed for it. Just don't really know. Oh and age = 59.

[FIREd]

I pay $245 a month, just for me (40 years old), for a Blue Cross PPO plan.

[M Paquette]

$1,281/month for the three of us, for a family Bronze plan, family deductible at $9,000/year, out of pocket max at $12,700 (HSA eligible! Yaaay!) The combination caps our personal medical costs, excluding eye care and dental, including insurance at $28,072 per year.

Yes, this is actually a pretty good deal for individual coverage without subsidies from other parties.

[scrabbler1]

I am paying $384 a month (one person, age 51, New York, ACA Silver plan, excluding ACA subsidy which will end up being around $77 a month). Empire BCBS had filed an increase of 18% for 2015 (EEK!) but it got reduced to about 7%.

[Looking4Ward]

Me, 54, BCBS Bronze HMO with $6K deductible: $295 per month.

[Running_Man]

1668 retiree medical for family of 3
108 retiree dental
$4,000 deductible
$6,000 out of pocket limit

[WhoDaresWins]

Age 60, one person. As a retiree, I pay half of the employer-negotiated group rate for my UPMC (Univ. of Pittsburgh Medical Center) PPO plan which at this time is $248.00 a month. No deductible, but I have co-pays: $15/visit for PCP; $20/Specialist; $50/ER visit. I pay up to $25.00 for a prescription. Some things like flu shot and annual Well Woman visit at gyn are "free". If a doc refers me for X-rays or scans/mammogram or blood work I have no fees for any testing. I am thrilled with this arrangement! I have no dental insurance. My former employer does have a dental plan that I could participate in but my long-time dentist does not accept this insurance so I never bothered with it.

[RonBoyd]

We each pay $104.90 a month (Medicare Advantage)... includes drugs, etc.

[BobW]

$40 dollars a month. No Dental. $15 co-pay and includes prescriptions.

[Silver]

DH 62 and I am 63. We pay $365 a month for medical for both of us. A BCBS high deductible silver plan through the ACA marketplace.

[Walt34]

We pay $522/month for two. That is 30% of the premium, the rest paid by former employer. Next year it becomes secondary to Medicare so I'm wondering if that will make the premium drop by at least the amount of the Medicare premium.

Not complaining mind you, I know we have a very good deal.

[Mr._Graybeard]

$149 per month for an Anthem Blue Cross Bronze high-deductible plan with HSA eligibility, obtained through the marketplace. Maximum OOP is something like $13K. I'm 60, wife is 61.

[ejman]

Standard Obamacare Oregon Bronze plan - $383/month. Age 64. Love it, just had a standard annual checkup, blood work and all. cost to me was $17.

[ohyes]

$801.52/mo

for DH (61), myself (58) and youngest kid (24).

$2000 individual deductible
$3000 family ded

AR retired teachers

[Finder]

Quote:

Originally Posted by M Paquette $1,281/month for the three of us, for a family Bronze plan, family deductible at $9,000/year, out of pocket max at $12,700 (HSA eligible! Yaaay!) The combination caps our personal medical costs, excluding eye care and dental, including insurance at $28,072 per year. Yes, this is actually a pretty good deal for individual coverage without subsidies from other parties.

So for somebody retiring early, with no subsidies, health expenses amount to the return of a 1M portfolio (assuming a 2.8 to 3.0% SWR since retiring early).

[M Paquette]

Quote:

Originally Posted by Finder So for somebody retiring early, with no subsidies, health expenses amount to the return of a 1M portfolio (assuming a 2.8 to 3.0% SWR since retiring early).

With those assumptions, yes.

Assuming a historical perpetuity-appropriate rate of return (3-3.3%), about 850,000 to 925,000 USD are needed to cover medical costs for a family of three for an indefinite period of time, if one conservatively estimates that Max Out-Of-Pocket will be reached every year.

One of the more interesting exercises I did was to look at the cost of plans with a low Max Out-Of-Pocket, and a higher monthly premium. Oddly enough, they worked out to very roughly the same annual cost. Gosh, it's almost like they had someone really good at statistics and case optimization building their numbers.

In my case, since we are all in overall reasonably good health compared to others in our age groups, we decided to carry much of the risk ourselves and let the insurance cover the more catastrophic cases, under the assumption that we would normally not approach the Max Out-Of-Pocket limit every year. We pay for the Bronze level coverage, and make a maximum contribution to our HSA every year.

[W2R]

Single, age 66, $295.18/month. This covers both $104.90/month for Medicare, Part B, and $190.28 for federal retiree health insurance.

[Sue J]

Quote:

Originally Posted by M Paquette One of the more interesting exercises I did was to look at the cost of plans with a low Max Out-Of-Pocket, and a higher monthly premium. Oddly enough, they worked out to very roughly the same annual cost. Gosh, it's almost like they had someone really good at statistics and case optimization building their numbers.

I recently visited Health Sherpa and the quotes for plans now include a figure for the lowest cost for the year (just the premium cost) and the highest cost which includes a year worth of premiums and maximum out of pocket. Nice to see it all in one place.

www.healthsherpa.com

[Telly]

Quote:

Originally Posted by ripper1 I should have mentioned that I was looking for early retirees between the ages of 55 and 64. It seems this is the age group that gets hit the hardest.

For the two of us via DW's w*rk group medical, $575/mo. for BCBS PPO 80/20 High-deductible, no vision or dental.

[calmloki]

$1257/mo for she and me at 64, $1500 ded, $6350 max out of pocket each.