daylatedollarshort
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 19, 2013
- Messages
- 9,358
Hello again
My "fee only" planner offered up some very sobering numbers on healthcare costs over the next decade. Our healthcare will cost an estimated 31k/yr and inflate to 69k/yr. Of course these numbers assume the ACA will not survive. Since we are not going to exit for another 3 to 4 years perhaps the fate of "Obamacare" will be better known. I sure miss the part time work healthcare benefit option of yesteryear.
Without the ACA tax credits, our premiums are around $25K with around a $14K out of pocket max (2 people, pre-Medicare age, HCOL area) so ~$39K plus dental, vision, out of network, etc. Before the ACA we had a $50K health care cost year, a family with kids at home and one major surgery, between premiums, out of pocket max, out of network costs (one non network specialist we planned for and some surprise out of network costs at an in network hospital we were not told about in advance) and some medical travel. Last year we had a $24 dollar year with the ACA and managing our MAGI to stay under the limit.
Good luck with your planning. Our costs have been between $50K pre-ACA and $24 post-ACA annually (not $24K, just $2 a month premiums and no doctor visits for the year.)