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Poll - ACTUAL non-subsidized heatlh care cost in ER.
06-18-2007, 09:27 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 2,155
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Poll - ACTUAL non-subsidized heatlh care cost in ER.
I'm really interested in the actual health care insurance paid by Early Retirees who have no (none whatsoever) health benefits from their former employers. I plan to retire in 3-4 years, and I will not have any subsidized health benefit. So please share if you don't mind.
Example
Number of people: 2
Ages: 52 and 55
Annual premium: $12,000
Deductible: $5,000/person
Location: Houston, TX
Other notable: ...
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06-18-2007, 09:36 AM
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#2
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Recycles dryer sheets
Join Date: May 2007
Posts: 65
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I'm not retired, but you can see current rates for various individual plans (with various deductibles) at BCBS website for your state.
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06-18-2007, 09:41 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,003
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Number of people: 2
Ages: 59 and 60
Annual premium: $7,500
Deductible: $5,000/person
Location: TX
Other notable: DW is in state high risk pool. Her premium is $4,700/yr and will increase by another $1,000/yr when she turns 60.
__________________
Numbers is hard
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06-18-2007, 09:43 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 2,155
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Thank you REWahoo. That's exactly what I'm looking for. Real data from real people (I hope you're real )
The $7,500 premium, that's for both you and your wife, right?
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06-18-2007, 09:44 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Posts: 12,880
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Number of people: 2
Ages: 53 and 51
Annual premium: $5,196
Deductible: $3,500 for me (HSA), $5,000 for DW
Location: CA
My premium is $188/mo, DW's is $245. With have Blue Cross.
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06-18-2007, 09:51 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,003
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Quote:
Originally Posted by Sam
The $7,500 premium, that's for both you and your wife, right?
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Yep.
(And I am real. Really.)
__________________
Numbers is hard
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06-18-2007, 11:18 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 2,155
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Thank you Al and REWahoo. Wow. It does not look that bad (outrageously expensive). It's not cheap, but appears to be within reasons.
Hmm... I'm still working now, so my employee is carrying the major %age, 68%, of the cost, but my share is still $4,800/year. That's for medical (1K deductible/person), dental, term life, and accidental/dismemberment. And the family size is 4 (2 adults, 2 older children.)
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06-18-2007, 11:23 AM
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#8
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Dryer sheet aficionado
Join Date: Jun 2006
Posts: 32
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Living in the UK and UK resident. Private healthcare premiums $1,900 a year. Aged 52 and 53. That's with paying the first $1,000 of any treatment. Bad illness record in my early 20's probably boosts the cost.
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06-18-2007, 11:29 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 2,155
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Thank you ashtondav. The amounts provided are in US dollar or British pound? Why are you buy private health care insurance? Doesn't England have a universal health plan which you are already paying for thru taxes?
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06-18-2007, 11:30 AM
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#10
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Recycles dryer sheets
Join Date: Mar 2006
Posts: 194
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Number of people: 2
Ages: 44 and 47
Annual premium: $2,400
Deductible: $10,000/person (HSA)
Location: Herod, IL
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06-18-2007, 11:43 AM
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#11
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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Number of people: 2
Ages: 52 and 54
Annual premium:
--right now it is $3000 as I negotiated one year's health insurance through my former employer. Deductible is $750. Drug copays of $10, $30 or $60. Maximum out of pocket is $1500.
--As of January 1, 2008 we will have COBRA for 18 months. Monthly premium for family is $1086 or roughly $13,000 a year. Deductible and copays as above.
--After COBRA expires July 1 of 2009 we will be on the Minnesota risk pool. If we were enrolled now, my premium would be $377/month and Greg's $466/month, each with a $1000 deductible, $200 of which is for drugs. Total premium cost per year is $10,116. Maximum out of pocket is $3000 per person. Premium depends on age and whether you smoke. We get older, but don't smoke.
Location: Anywhere in MN
__________________
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No more lawyer stuff, no more political stuff, so no more CYA
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06-18-2007, 12:01 PM
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#12
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,856
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Quote:
Originally Posted by Sam
Real data from real people (I hope you're real )
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REW & Al are real; we've all broken bread together.
Or at least whatever's left of REW after the chiggers have finished with him...
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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06-18-2007, 12:01 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,183
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Number of people: 1
Ages: 41
Annual premium: $1020
Deductible: $5,000 (HSA)
Location: San Diego, CA
Insurer: Aetna
* This covers everything after deductible including prescriptions.
* Annual physical is covered by the plan, regardless of deductible.
Kramer
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06-18-2007, 04:20 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Jun 2004
Location: No. California
Posts: 1,858
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Number of people: 1
Ages: 54
Annual premium: $3,480 for Kaiser HMO
Deductible: $1500
Location: California
I'm about to start looking for something less expensive with a higher deductible. Probably with Blue Shield of CA or Blue Cross.
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06-18-2007, 04:32 PM
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#15
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Full time employment: Posting here.
Join Date: Jan 2004
Posts: 851
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ABout $820/month for BC/BS Mass. Age 43, DW 40 and 4 minor children. $5000 deductible.
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06-18-2007, 04:39 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 2,155
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Thanks all for sharing. So far it does not look as scary as I thought it would be.
Quote:
Originally Posted by farmerEd
ABout $820/month for BC/BS Mass. Age 43, DW 40 and 4 minor children. $5000 deductible.
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Ed, is that $5,000 deductible per person or for the whole family. $820/mth, or about 10K a year for a family of 6 is reasonable, isn't it?
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06-18-2007, 04:55 PM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Two adults 45 and one 2 year old child, northern california
Cobra: 1340/month crappy blue cross $1500 deductible 80/20 plan
HMO: ~$900/mo no deductible $25 co-pay but they wont take us due to preexisting conditions
Same HMO forced to take us under HIPPA: about $1250
Same HMO forced to take us under the state high risk insurance plan: About $1000
Same BC plan as Cobra, under state high risk plan: About $1660
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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06-18-2007, 05:02 PM
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#18
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Confused about dryer sheets
Join Date: Jun 2007
Posts: 7
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Number of people: 4
Ages: 49, 63, 14, 12
Annual premium: $3,200
Deductible: $5,000 individual/$10K family
Location: CA
Insurer: Blue Cross
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06-19-2007, 06:50 AM
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#19
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 2,068
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People: 2
Ages: 37 and 40
Annual Premium: $5900
Deductable: $1500
Location: Minneapolis, MN
Currently I am under COBRA, I expect the premium will increase after I get out of COBRA as I have diabetes.
__________________
"We do not inherit the earth from our ancestors, we borrow it from our children.
(Ancient Indian Proverb)"
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06-19-2007, 08:02 AM
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#20
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Full time employment: Posting here.
Join Date: Jan 2004
Posts: 851
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Quote:
Originally Posted by Sam
Thanks all for sharing. So far it does not look as scary as I thought it would be.
Ed, is that $5,000 deductible per person or for the whole family. $820/mth, or about 10K a year for a family of 6 is reasonable, isn't it?
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$5000 per family, $2000 per individual. Its not outrageous, but being relatively healthy it means we pay the $10K+ per year, and still pay for all the other things too (i.e. another $2K in misc stuff that doesn't get paid because we haven't hit the deductible limit).
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