This is a first. I'm planning on retiring either at the first of next year or April 1 next year. The cost of health insurance is a major concern. Every year in our small business, the cost has either gone up or we've switched to a crummier program to keep the cost about the same for the 5 owners and the other 10 employees. We cover the employees.
We just found out the rates for next year are going down for the same coverage. For a family, it's going down almost $200 a month to just over $1,000. I plan to keep the insurance through the business until I reach medicare age, and was very pleased to find out it will cost about $1,000 a month instead of $1,200 or even more.
Of course, all this will change in 2014.
I sure wish I could find some of those $400 to $500 a month plans to cover me, my wife and our remaining dependent college age child, but there don't seem to be any out there, even with the high deductible.
We just found out the rates for next year are going down for the same coverage. For a family, it's going down almost $200 a month to just over $1,000. I plan to keep the insurance through the business until I reach medicare age, and was very pleased to find out it will cost about $1,000 a month instead of $1,200 or even more.
Of course, all this will change in 2014.
I sure wish I could find some of those $400 to $500 a month plans to cover me, my wife and our remaining dependent college age child, but there don't seem to be any out there, even with the high deductible.