bclover: I am so sorry to hear of your loss. Not what you guys had planned, I'm sure.
If we retired now we would have to buy from ACA is the thought. I ran FIRECALC and at 60k a year it was 100% all the time. (nice) Overall health is ok but to keep it that way we have expensive maintenance med (asthma and psoriatic arthritis and a couple other gems). I'm about done w/ the job, its a good job and I like it but after 40 years.... well you know. We'd rather be boating.. and you are so right, we have lost dear friends in last two years all in the 60's - why wait?
Sunset I'll check our list agains the medicare.gov web; good suggestion.
FreeBear I've check quotes on ACA but I'm not clear if we can use a reduced income or it takes our last tax year which puts us with no subsidies. We would like to be able to support our habit of a home in Florida and driving an RV around from time to time with a small boat to fish with. Fairly close seems like forever right now
Michael Thanks bunches.
Alvin isn't it frustrating not knowing how to best plan for health insurance? I don't suppose I ever thought it would be so expensive. From what I've found you are right w/ deductibles about 25k a year and pre existing conditions. COBRA is something I had not thought about, but again the cost would be close to double what I'm paying now.
"I guess we both need the people on this board who have recently retired knowing the uncertainty to come here and give us the big push!" Someone push me quick!
VanWinkle Very interesting concept and outside the box: "..have my income regulated to 175% of poverty level for a couple. This will give us the maximum subsidy and maximum cost sharing. This will for at least one year save us 1500 per month in premiums: How does the first year work - look back on last year or a look forward? Right now we need 5 years and 2 respectively.
We have never asked the government for anything (like most Americans) and I'm feeling a bit cheated at this stage. Entitled, no; but man.... Thanks for your input.
NomDeER "If not for the need to know that I will be able to buy health insurance, I would retire much sooner. There's just no security re: health insurance accessibility right now, and I would be too stressed without it." Ahhhh we are blood brothers/sisters. Exactly my thoughts, but like VW says likely doable if we have a bit more knowledge. Need a strong Indian guide.
MBSC You are still employed? I will review your link and gain some knowledge there. Need to try and pinpoint this insurance issue.
Thank you.
wmc1000 I think 60k would do us. Need to be more prudent but certainly doable. "You need to use ACA premiums WITHOUT subsidy and with TOTAL OOP faded in - to put together your potentially worst case budget between now and medicare age." Wise words. Thank you.
HadEnuff I think we could get our "nut" less than 60k; lived on a lot less once upon a time. MAGI ? minimum adjusted gross income? And its the unpredictability that really chaps my ......
VanWinkle I need to run those numbers. Found at healthcare.gov?