HC %

[bingybear]

depends how much I roth convert among other things

[Teacher Terry]

a fifth of our spending.

[Nature Lover]

As a group, I expect the responses will vary greatly, as circumstances vary. For me: HC is ~25% of living expenses (excluding taxes).

[candrew]

All in HC spending last 12 months, 13%. This includes ACA subsidized insurance premiums and HSA contributions.

[Lagniappe]

I budget 16%, assuming I hit max out of pocket every year.

[Tallman4123]

10.5% for the premium only; does not include any cost share within the plan.

[swakyaby]

So far, about 20%.

[street]

25%

[DrRoy]

About 15%, and we have partial support from the former employer.

[GTFan]

Less than 1% for heavily subsidized ACA.

[youbet]

Quote:

Originally Posted by Hyper For those that have RE that do have to buy their own HC insurance without any former employer or medicare assistance, what percentage of your yearly spenditure is HC?

Just to toss in a little factoid........

My Medicare Part B + type F supplement + Part D + IRMAA costs me significantly more than my buddy pays for his silver plan through the ACA (after his subsidy). I'm glad for Medicare, believe me, but you can't always assume that we Medicare geezers are all getting a free ride!

Medicare costs DW and I about 8% of our non-tax spending, a higher percentage than we were counting on but which we've learned to accommodate.

[Winemaker]

HC insurance costs us $20,100/year or about 16.67% of annual income. 2017 was a odd year, DW had some dental issues and cataract surgery, so OOP was about $7,000 more.

[stlguy57]

0% for 2018. We qualify for the top end of the ACA subsidy, which covers our entire premium, as long as we keep our income below 62K for the year. I monitor it pretty close during the year. If it looks like we're burning through more or we need a little extra, I'll get it from my Roth IRA.

Next year, the other half is going to file for his pension which will allow us to go back on FEHB as we were before he retired.

[ivinsfan]

Quote:

Originally Posted by stlguy57 0% for 2018. We qualify for the top end of the ACA subsidy, which covers our entire premium, as long as we keep our income below 62K for the year. I monitor it pretty close during the year. If it looks like we're burning through more or we need a little extra, I'll get it from my Roth IRA. Next year, the other half is going to file for his pension which will allow us to go back on FEHB as we were before he retired.

For people following along, what number of people are you insuring for zero dollars on a 62K income, it has to be more then 2.

[ivinsfan]

Quote:

Originally Posted by youbet Just to toss in a little factoid........ My Medicare Part B + type F supplement + Part D + IRMAA costs me significantly more than my buddy pays for his silver plan through the ACA (after his subsidy). I'm glad for Medicare, believe me, but you can't always assume that we Medicare geezers are all getting a free ride! Medicare costs DW and I about 8% of our non-tax spending, a higher percentage than we were counting on but which we've learned to accommodate.

This little gem can also trip up people who's employer paid 100% of HI when working. Retiring at 65 and not getting employee insurance, don't assume your costs will be negligible.

[zinger1457]

Quote:

Originally Posted by ivinsfan For people following along, what number of people are you insuring for zero dollars on a 62K income, it has to be more then 2.

$64960 is the subsidy cutoff for two people for 2018, if it's a lower cost bronze plan I can see where they might pay $0.

[ivinsfan]

Quote:

Originally Posted by zinger1457 $64960 is the subsidy cutoff for two people for 2018, if it's a lower cost bronze plan I can see where they might pay $0.

The original posted said top end, which isn't a bronze and at 64K I don't believe you are going to pay nothing for a bronze.....

[zinger1457]

Quote:

Originally Posted by ivinsfan The original posted said top end, which isn't a bronze and at 64K I don't believe you are going to pay nothing for a bronze.....

You'll pay zero or close to it for a bronze plan here in AZ for two people with an income of $62K.

[mpeirce]

6% for insurance off the exchange

2% for out of pocket expenses

We expect it to decrease a bit going forward - DW went on a medicare advantage plan and DS should be on his own next year.

[ivinsfan]

Quote:

Originally Posted by zinger1457 You'll pay zero or close to it for a bronze plan here in AZ for two people with an income of $62K.

They wouldn't be that cheap in this state...MN...........