jpeter1093
Recycles dryer sheets
I'm 62 and DW is 60; looking to retire within the next year. I'm curious which metal level you all chose to cover your health care costs until Medicare kicks in?
If you are relatively healthy, bronze is the way to go. Just estimate your expected claim costs and calculate your total cost of health insurance, deductibles and co-pays for each plan.
Our claim costs are less than $1,000 a year so it is an easy decision for us.
To view Cat Plans on Healthsherpa.com you will need to use ages <30 but since they're community-rated everyone under 65 pays the displayed premium. An HMO family plan for two in zip code 12186 is $366.Who can buy a Catastrophic plan
Only the following people are eligible:
*People under 30
*People of any age with a hardship exemption or affordability exemption
Reference: https://www.healthcare.gov/choose-a-plan/plans-categories/#catastrophic
I'm curious which metal level you all chose
If you are relatively healthy, bronze is the way to go. Just estimate your expected claim costs and calculate your total cost of health insurance, deductibles and co-pays for each plan.
Our claim costs are less than $1,000 a year so it is an easy decision for us.
This post (here) has a spreadsheet that allows you to compare the total cost of different policies. You input premium and cost sharing info (deductible, co-pay, total out of pocket) and it will show you the total amount you pay assuming different levels of medical spending.I'm 62 and DW is 60; looking to retire within the next year. I'm curious which metal level you all chose to cover your health care costs until Medicare kicks in?
Depends on area in Florida. Ailver was not reasonably priced for me. Compared same plan with another who lived elsewhere in Florida, his was $0 cost, mine would have been $7000+ for the year, same MAGI level.Silver Plan in Florida, as the monthly premiums are $146 with no deductible.
Depends on area in Florida. Ailver was not reasonably priced for me. Compared same plan with another who lived elsewhere in Florida, his was $0 cost, mine would have been $7000+ for the year, same MAGI level.
I went with Bronze at $0 cost.
I live in Tampa area as well, Hillsborough County. Compared prices with someone who lived in Tallahassee. You can go to HealthSherpa com and look at prices for different areas. I also found that Jacksonville area was much less, same pricing as Tallahassee.Surprised at that large of a difference. I live in Tampa and in general the pricing appears to be more expensive in larger populated areas than say Ocala for example.
I live in Tampa area as well, Hillsborough County. Compared prices with someone who lived in Tallahassee. You can go to HealthSherpa com and look at prices for different areas. I also found that Jacksonville area was much less, same pricing as Tallahassee.
Your post indicates you live in NY, which is community-rated. ACA-compliant Catastrophic Plans are a good value in community-rated states if you do not qualify for premium subsidies and the lowest cost Bronze Plan is more than 8.05% MAGI (affordability exemption). The 2019 threshold is 8.30% MAGI. Cat Plans are not HSA compatible so you may need to run the numbers to see if an HSA compatible Bronze plan is a better value.
To view Cat Plans on Healthsherpa.com you will need to use ages <30 but since they're community-rated everyone under 65 pays the displayed premium. An HMO family plan for two in zip code 12186 is $366.
If your MAGI in retirement is <138% FPL, you will be placed into expanded Medicaid (New York). If MAGI is between 138%-250% FPL, only the Silver Plans qualify for CSR. If you currently have group coverage, COBRA can bridge some of the gap until Medicare.
.... I expect the year I get my pacemaker changed will blow all the deductible and more.