Join Early Retirement Today
Closed Thread
 
Thread Tools Search this Thread Display Modes
Old 02-12-2013, 02:00 PM   #41
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,290
Quote:
Originally Posted by Mulligan View Post
You certainly got a tough break Texas, and I would feel "screwed" if I was in same situation. If my individual plan closes and I am thrown into Obamacare, I won't feel screwed just "an economic loser". I have benefitted from an underwritten plan, and if I was on the opposite end of the spectrum being rejected and bullied by insurance companies, my opinion would be quite different. I am nowhere near the income subsidiary boundaries so I won't feel "screwed". However, the individual who goes a few hundred over the income limit and has to pay full freight, causing them to have less disposable income than somewhere tucked right under the barrier, in my opinion, has a valid right to be considered "screwed". A gradual phasing out instead of a cliff as many have mentioned before would take the sting out of it a bit.

I kind of agree... I was just throwing out a thought on the stmt of being screwed...

I feel that way also, but was wondering if that should be the case... the example of my mega was one.... another was the Cash for Clunker rebate... when I went to look at getting this, I was told it was gone... but they came out with more money and I used it...

But, my mom had bought the same car as I had within a month of when I bought mine... but she had a slightly smaller engine and did not qualify...

With this, I would not have felt screwed if I had not gotten the rebate... I would have felt that I just did not get in line fast enough..
__________________

__________________
Texas Proud is offline  
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 02-12-2013, 02:03 PM   #42
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,290
Quote:
Originally Posted by ziggy29 View Post
This is why creating "cliffs" in fiscal and entitlement policy is not wise, IMO -- you can find someone who "barely made it" and compare them to someone who just missed -- like someone who is 50.1 or 49.9, or someone who earns 399% of the poverty line instead of 401%. It makes it really easy for those to feel just on the other side to feel royally screwed.

It's why I don't like some of the entitlement reforms that want to draw a line and say (for example), "over 55 -- no change. Under 55 -- bear the full brunt of it" -- regardless of whether you are 24 or 54, and regardless of your financial circumstances.

It is a big deal if the difference is big, like we are discussing with the subsidy... (and like my mega health care)... the difference in that step is big... it is always better to have some kind of tapering of the loss.... but you almost always have to have some kind of step or end point...
__________________

__________________
Texas Proud is offline  
Old 02-12-2013, 02:04 PM   #43
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
 
Join Date: Jun 2008
Posts: 7,899
Quote:
Originally Posted by Live And Learn View Post
Many of us do not have access to a retiree health care plan. I had been planning "full freight" in my calculations.

For those who were counting on an employee subsidy for retirees, there can be a huge difference.

On the other hand, I personally wouldn't have counted on the subsidy in the first place since MegaCorp can give and MegaCorp can take away at any time.

"Screwed" therefore is in the eyes of the beholder. I feel bad for folks that had a benefit that may now be gone

Another way to state it, in Superbowl terms, "One person's obvious holding call is another person's proper non-call"

I too know someone who had a promised MegaCorp retiree health-plan but got taken away when the MegaCorp filed for bankruptcy. In his case, luckily he was old enough our just around the corner to qualify for Medicare.
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
easysurfer is online now  
Old 02-14-2013, 04:04 AM   #44
Thinks s/he gets paid by the post
obgyn65's Avatar
 
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
Yes - certainly more affordable than getting cancer and having to sell one's house to pay for treatments. And still having to go bankrupt eventually, like so many have.

Quote:
Originally Posted by ERD50 View Post

Why worry? After all, this is "The Affordable Care Act" we are talking about, right? So whatever it is, it has to be affordable, right? They said so.

-ERD50
__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
obgyn65 is offline  
Old 02-14-2013, 08:05 AM   #45
Recycles dryer sheets
 
Join Date: Aug 2010
Posts: 359
Quote:
Originally Posted by obgyn65 View Post
Yes - certainly more affordable than getting cancer and having to sell one's house to pay for treatments. And still having to go bankrupt eventually, like so many have.
+1000

Though I may pay more premium until 65, I will not fall into the black hole of losing all my life savings.
__________________
fh2000 is online now  
Old 02-14-2013, 10:33 AM   #46
Recycles dryer sheets
 
Join Date: Jul 2008
Posts: 150
Quote:
Originally Posted by fh2000 View Post
+1000

Though I may pay more premium until 65, I will not fall into the black hole of losing all my life savings.
+1001
__________________
huusom is offline  
Old 02-14-2013, 10:39 AM   #47
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2005
Location: Northern IL
Posts: 18,294
Quote:
Originally Posted by obgyn65 View Post
Yes - certainly more affordable than getting cancer and having to sell one's house to pay for treatments. And still having to go bankrupt eventually, like so many have.
True, but then it should be called the "More Affordable For Some, Care Act". My point is, "more affordable" should refer to the overall costs, not some segment, and that is very questionable if it can achieve it's self-titled goal. Would the FCC allow that in an ad for a commercial product?

Of course I agree that I don't want to see a responsible person drowned in health care expenses. But that is separate from whether this Act will reduce overall costs or not. You are throwing in a Red Herring, and that is commonly done when one cannot address the actual issue at hand.

-ERD50
__________________
ERD50 is online now  
Old 02-14-2013, 02:52 PM   #48
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
 
Join Date: Jun 2008
Posts: 7,899
Quote:
Originally Posted by fh2000 View Post
+1000

Though I may pay more premium until 65, I will not fall into the black hole of losing all my life savings.
+1. The logic makes plenty of sense to me.

Those catastrophes happen to everyone else until it happens to me.
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
easysurfer is online now  
Old 02-14-2013, 04:43 PM   #49
Thinks s/he gets paid by the post
Live And Learn's Avatar
 
Join Date: Feb 2012
Location: Tampa Bay Area
Posts: 1,689
Quote:
Originally Posted by ERD50 View Post
If you sell off the principal, only the gain will be taxed. Maybe this isn't an option for you, I guess it depends what you mean by 'taxable sources'. My personal accounts (non-IRA) are in a 'taxable source', but only the distributions and gains from sales.

-ERD50
yes, I understand that , but for planning purposes I'm assuming that everything I draw is taxable. It probably wont be in which case I'll have an extra bit of money to play with each year.
__________________
"For the time being no discipline brings joy, but seems grievous and painful; but afterwards it yields a peaceable fruit of righteousness to those who have been trained by it." ~
Hebrews 12:11

ER'd in June 2015 at age 52. Initial WR 3%. 50/40/10 (Equity/Bond/Short Term) AA.
Live And Learn is offline  
Old 02-14-2013, 04:47 PM   #50
Thinks s/he gets paid by the post
Live And Learn's Avatar
 
Join Date: Feb 2012
Location: Tampa Bay Area
Posts: 1,689
Quote:
Originally Posted by obgyn65 View Post
yes - certainly more affordable than getting cancer and having to sell one's house to pay for treatments. And still having to go bankrupt eventually, like so many have.
+1002 !
__________________
"For the time being no discipline brings joy, but seems grievous and painful; but afterwards it yields a peaceable fruit of righteousness to those who have been trained by it." ~
Hebrews 12:11

ER'd in June 2015 at age 52. Initial WR 3%. 50/40/10 (Equity/Bond/Short Term) AA.
Live And Learn is offline  
Old 02-14-2013, 05:44 PM   #51
Thinks s/he gets paid by the post
obgyn65's Avatar
 
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
I made a point. You made a point. We disagree on this topic. I just don't want to waste my time arguing with you on this topic, ERD50, and run the risk of getting this thread shut down.

Just remember one thing : while you spend time posting in these forums from the comfort of your home, I am the one who takes care of these patients' cancer and other conditions at free clinics. Until you do that, please don't be so judgmental and self righteous about 'responsible' vs 'non responsible' patients.

Quote:
Originally Posted by ERD50 View Post

Of course I agree that I don't want to see a responsible person drowned in health care expenses. But that is separate from whether this Act will reduce overall costs or not. You are throwing in a Red Herring, and that is commonly done when one cannot address the actual issue at hand.

-ERD50
__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
obgyn65 is offline  
Old 02-14-2013, 06:24 PM   #52
Thinks s/he gets paid by the post
 
Join Date: Apr 2006
Location: North Bay
Posts: 1,026
Quote:
Originally Posted by ERD50
True, but then it should be called the "More Affordable For Some, Care Act". My point is, "more affordable" should refer to the overall costs, not some segment, and that is very questionable if it can achieve it's self-titled goal.
You make a valid point. Maybe not the most apt of names. The people being added to the roles of the "healthcare covered" will, on average, be poorer and less healthy than those currently on that list, so the average per-person cost is probably going to go up for those who pay their full share (plus part of the subsidy with their taxes). I hope that transparency and openness of the new health insurance market will help drive the price down some, but once the system is in place I hope there will be more opportunity to look for additional ways to drive costs down.
__________________
scrinch is offline  
Old 02-14-2013, 06:59 PM   #53
Full time employment: Posting here.
 
Join Date: Jun 2006
Posts: 926
Quote:
Originally Posted by ERD50 View Post
True, but then it should be called the "More Affordable For Some, Care Act". My point is, "more affordable" should refer to the overall costs, not some segment, and that is very questionable if it can achieve it's self-titled goal. Would the FCC allow that in an ad for a commercial product?

Of course I agree that I don't want to see a responsible person drowned in health care expenses. But that is separate from whether this Act will reduce overall costs or not. You are throwing in a Red Herring, and that is commonly done when one cannot address the actual issue at hand.

-ERD50
+1

I think the big winners will be the insurance companies. While most of America waits to see how the details turn out the insurance guys are working feverishly figuring out how to make the most money possible from the ACA. Somebody will have to pay the extra money they will make.
__________________
CW4, USA-(ret)
RN, BSN-(ret)
jclarksnakes is offline  
Old 02-14-2013, 07:05 PM   #54
Full time employment: Posting here.
 
Join Date: Jun 2006
Posts: 926
Quote:
Originally Posted by obgyn65 View Post
I made a point. You made a point. We disagree on this topic. I just don't want to waste my time arguing with you on this topic, ERD50, and run the risk of getting this thread shut down.

Just remember one thing : while you spend time posting in these forums from the comfort of your home, I am the one who takes care of these patients' cancer and other conditions at free clinics. Until you do that, please don't be so judgmental and self righteous about 'responsible' vs 'non responsible' patients.

People who truly do not want to waste their time arguing usually do not start the next sentence with "Just remember one thing".
__________________
CW4, USA-(ret)
RN, BSN-(ret)
jclarksnakes is offline  
Old 02-14-2013, 07:30 PM   #55
Thinks s/he gets paid by the post
 
Join Date: Apr 2006
Location: North Bay
Posts: 1,026
Quote:
Originally Posted by jclarksnakes
I think the big winners will be the insurance companies. While most of America waits to see how the details turn out the insurance guys are working feverishly figuring out how to make the most money possible from the ACA.
Certainly there will be more customers and more dollars flowing through the health insurance system. Let's hope the enhanced transparency being set up in the system will force the insurance companies to compete a little harder for the business, shaving margins in the process.
__________________
scrinch is offline  
Old 02-14-2013, 08:12 PM   #56
Moderator Emeritus
 
Join Date: Oct 2007
Posts: 4,929
Covered California, the PPACA health exchange for California, has rolled out it's benefit plans and related information.


http://www.healthexchange.ca.gov/Doc...13%20FINAL.pdf

The exchange's home page: http://www.coveredca.com/

They put together a crude cost estimator, which will give a quote for a "Silver Plan" policy. A typical high deductible policy such as many of us use is more like a "Bronze Plan" policy. Costs look comparable to current Preferred Provider plans from Aetna, Blue Cross, etc for California residents. That is, ouch... But we're used to it. (They probably just loaded in the current prices of plans similar to the Silver Plan benefits.)

http://www.coveredca.com/resources/c...ting-the-cost/
__________________
M Paquette is offline  
Old 02-14-2013, 08:54 PM   #57
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,492
Let's keep it friendly, folks.

Quote:
Originally Posted by M Paquette View Post
Covered California, the PPACA health exchange for California, has rolled out it's benefit plans and related information.


http://www.healthexchange.ca.gov/Doc...13%20FINAL.pdf

The exchange's home page: Affordable Health Insurance | Covered California

They put together a crude cost estimator, which will give a quote for a "Silver Plan" policy. A typical high deductible policy such as many of us use is more like a "Bronze Plan" policy. Costs look comparable to current Preferred Provider plans from Aetna, Blue Cross, etc for California residents. That is, ouch... But we're used to it. (They probably just loaded in the current prices of plans similar to the Silver Plan benefits.)

Health Insurance Calculator | Covered California
Thanks for that link. After a quick look at the prices it seems they are in the same ballpark as Mass. Not a surprise.
__________________
MichaelB is offline  
Old 02-14-2013, 09:22 PM   #58
Recycles dryer sheets
comicbookgujy's Avatar
 
Join Date: Jan 2013
Posts: 178
So I plugged in the # for the CA Covered Care and for a househould of 2, if I decide to quit my full time job, I need to ensure my part time job is less than $21k a year so I qualify for Medicare
__________________
comicbookgujy is offline  
Old 02-14-2013, 09:29 PM   #59
Thinks s/he gets paid by the post
 
Join Date: May 2008
Posts: 3,424
Tried different numbers on that CA Covered Care, it only had max OOP number and a monthly premium that was 1/12 of the max OOP.

Anyways, for those already FIRE'd how many are going to use these plans? Can't you withdraw just enough to stay under the limits for the max subsidy?

Of course, that means a lesser lifestyle than one might otherwise be able to afford, but LBYM and all that.
__________________
explanade is online now  
Old 02-14-2013, 09:35 PM   #60
Recycles dryer sheets
comicbookgujy's Avatar
 
Join Date: Jan 2013
Posts: 178
If I can truely qualify for Obamacare aka getting free health insurance by making less than $21k a year, I am definitely going to quit this high stress job and work part time so I can get my personal life together!!! Thanks Obama!
__________________

__________________
comicbookgujy is offline  
Closed Thread


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 05:46 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.