Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 12-14-2010, 01:47 PM   #21
Moderator Emeritus
Martha's Avatar
Join Date: Feb 2004
Location: minnesota
Posts: 13,227
I'll try to touch on some points not discussed much by others.

I would explore different areas to live. Health insurance will be a big issue, but under federal HIPAA law (forgetting anything about health care reform) after you use up your COBRA each state has to provide at least one option for you to buy insurance, even if you are otherwise unisurable. NJ is expensive. I have no idea if they have subsidies for low income people and if they do, what they count as income. Look around at other states as the cost varies a lot. You might read our FAQ on buying private health insurance.
What is not covered in that FAQ is that some states are subsidizing health insurance for those who are uninsurable, if you meet certain income requirements. I don't know if you might qualify for a subsidy, but be sure to look at that possibility as you look at state options. Don't trust what you find on the internet regarding subsidies as there have been many changes in the past months. For example, some have mentioned Texas as a low cost of living state. Texas has an insurance risk pool you can join as you come off of COBRA. Texas may have a subsidy. One problem in figuring this stuff out is that with health care reform there often are two risk pools operating in a state. You are only eligible for the federal pool if you have been unisured for six months.

As you can see, this is confusing. As you poke around you might want to post any questions here. Also, you might consider talking to agents who work in states where you might want to live to see what is available. However, some agents are not very up on the HIPAA and risk pool options and subsidies.

Make a list of places you might be interested in and then see what is available for housing, insurance, etc.

You can move while on UE, but I believe that you will have to file in the new state.

See my signature.

No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Poor Monkey easysurfer Other topics 5 12-25-2009 02:14 PM
Investment Advice for Canadians Living in USA WineLover FIRE and Money 4 09-04-2008 01:16 PM
My poor little footsies! tangomonster Health and Early Retirement 12 05-31-2007 10:35 AM
Poor habits lead to poor future~an old concept mickeyd Other topics 0 05-29-2006 10:24 AM
standard on living or living with basic in US Enuff2Eat FIRE and Money 14 12-30-2005 11:35 AM

» Quick Links

All times are GMT -6. The time now is 12:28 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.