ACA Rate Increases For 2019
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We're not eligible for ACA yet (still working) but ran numbers for our expected retirement age of 62, married, non-smokers in Texas:
| Income Premium Deductible MaxOOP |
| 32k 0.00 0.00 4,900 |
| 64k 139 1,050 14,700 |
| 67k 2,512 1,050 14,700 |
| 67k 1,844 14,700 14,700 |
https://www.healthcare.gov/see-plans/#/buying
Being retired military I pay nothing except shipping on some of my drugs. My insurance includes my wife. I have Parkinson's, she just had surgery and radiation treatment for breast cancer.
I irritated several friends over the last 30 years by trying to convince them to not quit military service totally, but transfer to the Reserves until they have their 20 years.
Even if the monthly check is small, the benefits are worth it.
I irritated several friends over the last 30 years by trying to convince them to not quit military service totally, but transfer to the Reserves until they have their 20 years.
Even if the monthly check is small, the benefits are worth it.
explanade
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But didn't a lot of reserves get called up to the last couple of wars?
So people who thought they'd just be doing a weekend here and there of training found they had to drop their jobs and deploy, leave their families to go overseas?
So the cost of those benefits in terms of service time, battle duty, etc. may not be as low as anticipated?
So people who thought they'd just be doing a weekend here and there of training found they had to drop their jobs and deploy, leave their families to go overseas?
So the cost of those benefits in terms of service time, battle duty, etc. may not be as low as anticipated?
Dash man
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Life is a series of gambles, there is no sure thing. Those who serve know that better than most.
BTW, I also know people who had issues that occurred while on active duty. One guy's wife got MS or MD, can't remember which, but it motivated him to stay on active duty until he got his 20. Also, employers like retired military, they know that employee won't end up costing them extra.
Dependent children care can be an issue as well.
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Thank you for your service Sir.
GTFan
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Georgia seeing modest rate increases for 2019:
Premium increases of 2 percent to almost 15 percent would seem like bad news for Georgians needing health care coverage.
But the rate hikes proposed by insurers for Georgia’s 2019 insurance exchange appear almost as a relief, compared with huge rate hikes a year ago — more than 50 percent.
The rate hikes are 2.2 percent for Blue Cross and Blue Shield of Georgia; 5.7 percent for Alliant; 8.8 percent for Ambetter; and 14.7 percent for Kaiser Permanente, state insurance officials said. The same four companies offered coverage in the exchange this year.
https://www.georgiahealthnews.com/2...destly-higher-premiums-2019-georgia-exchange/
Good news for us is that BCBS is coming back to most of the metro ATL market (along with a lot of other GA counties that they left this year). We had them last year and I prefer them to Ambetter because they have a much wider specialist network. We will have Ambetter, BCBS, and Kaiser to pick from next year.
Premium increases of 2 percent to almost 15 percent would seem like bad news for Georgians needing health care coverage.
But the rate hikes proposed by insurers for Georgia’s 2019 insurance exchange appear almost as a relief, compared with huge rate hikes a year ago — more than 50 percent.
The rate hikes are 2.2 percent for Blue Cross and Blue Shield of Georgia; 5.7 percent for Alliant; 8.8 percent for Ambetter; and 14.7 percent for Kaiser Permanente, state insurance officials said. The same four companies offered coverage in the exchange this year.
https://www.georgiahealthnews.com/2...destly-higher-premiums-2019-georgia-exchange/
Good news for us is that BCBS is coming back to most of the metro ATL market (along with a lot of other GA counties that they left this year). We had them last year and I prefer them to Ambetter because they have a much wider specialist network. We will have Ambetter, BCBS, and Kaiser to pick from next year.
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VanWinkle
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Per information on 2019-
Insurers in Illinois that wish to offer coverage in the individual market in 2019 had to file rates with the Illinois*Department of Insurance by June 1, 2018. But the rate filings have not yet been made public. Illinois insurers will presumably continue to add the cost of cost-sharing reductions (CSR) to silver plans for 2019, just as they did for 2018.
Source: https://www.healthinsurance.org/illinois-state-health-insurance-exchange/
Follow us: @EyeOnInsurance on Twitter | healthinsurance.org on Facebook
Insurers in Illinois that wish to offer coverage in the individual market in 2019 had to file rates with the Illinois*Department of Insurance by June 1, 2018. But the rate filings have not yet been made public. Illinois insurers will presumably continue to add the cost of cost-sharing reductions (CSR) to silver plans for 2019, just as they did for 2018.
Source: https://www.healthinsurance.org/illinois-state-health-insurance-exchange/
Follow us: @EyeOnInsurance on Twitter | healthinsurance.org on Facebook
There were some posts about a recent CMS announcement and insurer payments. That’s a topic that deserves its own thread, which is here http://www.early-retirement.org/for...ent-regarding-aca-insurer-payments-92761.html
Let’s please keep this thread focused on actual 2019 prices.
Let’s please keep this thread focused on actual 2019 prices.
I know this is a bit of a hijack, but I have a question you all might know the answer to.
DW and I will need ACA coverage for about 3 years, starting in 2020. My plan is to load up my cash bucket next year, so that our "income" (dividends and 401K withdrawals) will be only about $40K-$50K for those years, so that we can qualify for ACA subsidies.
Is this "allowed", or will they (the government) get me somehow?
Thanks
DW and I will need ACA coverage for about 3 years, starting in 2020. My plan is to load up my cash bucket next year, so that our "income" (dividends and 401K withdrawals) will be only about $40K-$50K for those years, so that we can qualify for ACA subsidies.
Is this "allowed", or will they (the government) get me somehow?
Thanks
ShokWaveRider
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Currently it is purely based on MAGI, how you achieve it is up to you. But that could change for any given year or get eroded/re-evaluated from a numbers perspective.
Mr._Graybeard
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We got along well with MAGI in the $50K-$53K range for a two-person household.
Still hard to figure out what the new rates may be. Last year my Ambetter rate went from 1000 in 2017 to 1500 in 2018. A 50% increase. This is for me and wife.....62 and 64 yr. olds.
VanWinkle
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Yes it is allowed due to the brilliant minds that created the law. I am doing the same as you propose. I stock piled cash to be able to limit my MAGI to under 30,000 for maximum subsidies and cost sharing.
EastWest Gal
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That’s going to be my strategy as well. If only things would stop breaking down-we put on a new roof, had some car repairs and are buying a new stove. However, our day to day expenses are pretty low and we’re finally getting ahead, now that travel is over for the year.
ShokWaveRider
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Exactly what we did. We stay in the 50K - 52K range and have a HSA high deductible plan. Premiums, $7.95 per month, 6K/6K max out of pocket. The only issue is traveling and out of network. Of course, ER covered. Fingers are crossed for 2019. Saved enough cash to cover 5 years at that income level.
This would work today.
With the way things are going nobody knows what the ACA will look like in two years, or if it will even exist. Your strategy might work or it might not. But at worst you'll be giving up market returns on the money you load into a cash bucket for the next two years. How much are you expecting to put in that "bucket"?
Hopefully you won't have any pre-existing conditions at that point in time.
Dtail
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Thank you brilliant minds. I keep our MAGI under 150% of the poverty level for myself and DB. My DGF is already on Medicare due to SSDI.
Mr._Graybeard
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It's worked quite well for many early retirees, hasn't it. It also opened up jobs for younger workers.
Thanks all. I'll actually have 4 years to cover, so will have about $350K in the bucket, parked in VMMXX (so will not loose that much potential).
I will have preexisting conditions, but will cross fingers that something like the ACA survives.
I will have preexisting conditions, but will cross fingers that something like the ACA survives.
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