nun
Thinks s/he gets paid by the post
- Joined
- Feb 17, 2006
- Messages
- 4,872
I'm 6 weeks away from ER at 52. I have my finances sorted out and now I'm looking at my insurance needs. I'm single so I don't need things like life insurance, but I thought I'd ask what insurance I need. Here is my plan so far.
Buy my employer's COBRA dental plan as it is only $50/month, gives excellent coverage and I have a couple of crowns possible in the near future, according to my dentist.
Buy an ACA health plan and get a subsidy by keeping my income low. I could spend $450/month continue my company cadillac plan under COBRA or get a 2k/6k silver plan for around $330/month which would be reduced to $105/month with the subsidy.
Car insurance. I have a 7 year old Honda Civic with $120k miles. My annual mileage will go from 17k to under 5k without my commute. I'm going to reduce my collision and comprehensive coverage so the annual cost of car insurance goes to around $450.
House insurance. I don't want to mess with this so I'm leaving it as is at around $1200/year
I'm looking at buying a 1 or 2 million dollar umbrella policy.
Have I missed anything?
Buy my employer's COBRA dental plan as it is only $50/month, gives excellent coverage and I have a couple of crowns possible in the near future, according to my dentist.
Buy an ACA health plan and get a subsidy by keeping my income low. I could spend $450/month continue my company cadillac plan under COBRA or get a 2k/6k silver plan for around $330/month which would be reduced to $105/month with the subsidy.
Car insurance. I have a 7 year old Honda Civic with $120k miles. My annual mileage will go from 17k to under 5k without my commute. I'm going to reduce my collision and comprehensive coverage so the annual cost of car insurance goes to around $450.
House insurance. I don't want to mess with this so I'm leaving it as is at around $1200/year
I'm looking at buying a 1 or 2 million dollar umbrella policy.
Have I missed anything?