HC %

[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?

 

[RobbieB]

5%

 

[Scuba]

About 7% including premiums and all healthcare costs

 

[Amethyst]

Premiums/Basic Expenses (not counting travel, entertainment, major purchases/repairs) = 12.5%. Ratio would have been half that, when we had a mortgage.

Of course co-pays + dental expenses bump this up.

 

[scrabbler1]

HC expenses as a % of all spending is 29% for 2017. It was 30% in 2016.

 

[RunningBum]

Answers are going to be all over the board depending on whether you get a subsidy, where you live, how healthy you are, whether you live bare bones or are extravagant, etc. Why not just look up premiums and subsidies for yourself on healthcare.gov and guess how much you'll spend out of pocket? I've probably ranged from 2-10% myself.

 

[Dtail]

All in costs around 8% so far.

 

[Dawg52]

About 12%.

 

[ugeauxgirl]

Its a pretty high percentage of our spending (10% or so) but not a high percentage of our income as we are still working.

 

[DEC-1982]

Similar to scrabbler1, with no subsidies, we are coming in around 30% (2017). Q1 2018 so far also looks the same.

 

[Carpediem]

Not retired yet but I'm estimating 20-25% for a combination of COBRA followed by ACA with no subsidies.

 

[neihn]

10% for COBRA then 20% for mega-corp retiree health group.

 

[zinger1457]

The last couple years it's been around 1%. Primarily due to ACA subsidy and good health (very little in medical expenses). I consider that an anomaly and certainly budget for a lot more than that.

 

[RetireAge50]

Close to 0%

 

[Hyper]

DW still currently working. From researching, we live in one of the highest HC states, ours when DW RE is looking to be at the very minimum 30% and we are very healthy. I thought that to be very high but I realize everyone spends differently. Should have added this in original post.

 

[Jerry1]

Answers are going to be all over the board depending on whether you get a subsidy, where you live, how healthy you are, whether you live bare bones or are extravagant, etc. Why not just look up premiums and subsidies for yourself on healthcare.gov and guess how much you'll spend out of pocket? I've probably ranged from 2-10% myself.

Mostly, answers are going to be all over the board due to the variation of annual spending. HC is one of the expenditures that need to be looked at in dollar terms then a percentage based on your spending would make sense. As noted above, there's a lot of variability in the pricing.

For me, I budgeted about 30% which is $24K over $80K but that also represents cushion and a worse case scenario since I have some retiree health insurance. I budgeted what I thought it could be if the retiree health care gets taken away.

 

[Sue J]

For 2017 ours was just under 10% for a highly subsidized ACA silver plan. We were also very lucky to have a fairly healthy, low cost year.

In contrast, 2014 health care costs were over 35% of our income!

 

[ivinsfan]

What are you hoping to learn from this question?...it's really pretty meaningless the way you have it worded.

 

[rodi]

Not sure how to break this out so it's comparable for you.

Family of 4: one on medicare, 2 teenagers and me on a subsidies (ACA) HDHP.

All in - including copays/deductibles, dental (not covered), prescriptions, and our net premiums (so the amount we PAY, not the pre-tax credit.)
11.38% of our spending.

Our spending is for the family of four - and just dividing by 4 and removing my husband would skew the results since the family spending doesn't work out even steven to 1/4 of the total per person. Kids insurance is cheaper but their expenses/spending is higher (piano lessons, sports gear, etc.)

 

[pb4uski]

~7.7%.... unsubsidized health insurance to annual spending... excludes deductible and co-pays because they have been negligible... mostly only annual physicals that are 100% covered. It is about less than 1/2 of what I thought that it would be when I retired. We feel lucky.

 

[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.