Join Early Retirement Today
Closed Thread
 
Thread Tools Search this Thread Display Modes
Current Administration vow to eliminating ACA
Old 05-07-2020, 09:29 AM   #1
Recycles dryer sheets
 
Join Date: Oct 2018
Posts: 87
Current Administration vow to eliminating ACA

White house directly went to supreme court for this. If it is succeeded, we - early retirees will have to pay big dollar for health insurance. Worse with some who has health issues (pre-existing condition)

https://www.msn.com/en-us/news/polit...cid=spartandhp
__________________

Eucerin is offline  
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 Early-Retirement.org 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!

Old 05-07-2020, 10:21 AM   #2
Dryer sheet aficionado
samm's Avatar
 
Join Date: Mar 2008
Location: Las Vegas
Posts: 41
Quote:
Originally Posted by Eucerin View Post
White house directly went to supreme court for this. If it is succeeded, we - early retirees will have to pay big dollar for health insurance. Worse with some who has health issues (pre-existing condition)

https://www.msn.com/en-us/news/polit...cid=spartandhp
On the other hand, ACA increased the health care premiums of higher income early retirees so perhaps the ACA repeal will lower their premiums.

There are 2 sides to this issue.
__________________

samm is offline  
Old 05-07-2020, 10:27 AM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jan 2018
Location: Tampa
Posts: 5,972
Quote:
Originally Posted by samm View Post
On the other hand, ACA increased the health care premiums of higher income early retirees so perhaps the ACA repeal will lower their premiums.

There are 2 sides to this issue.
This is true.
The current ACA setup is great for my brother and I who save 22k yearly.
However having such disparities in premiums across different states for the same MAGI is not fair either.
I can't imagine any new setup wouldn't include a provision for pre existing conditions.
__________________
TGIM
Dtail is online now  
Old 05-07-2020, 12:16 PM   #4
Recycles dryer sheets
 
Join Date: Jan 2014
Location: Voorheesville, NY
Posts: 101
Quote:
Originally Posted by Dtail View Post
This is true.
The current ACA setup is great for my brother and I who save 22k yearly.
However having such disparities in premiums across different states for the same MAGI is not fair either.
I can't imagine any new setup wouldn't include a provision for pre existing conditions.
The problem is there IS no new setup in sight! Don't repeal without replace.
jpeter1093 is online now  
Old 05-07-2020, 01:29 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jan 2018
Location: Tampa
Posts: 5,972
Quote:
Originally Posted by jpeter1093 View Post
The problem is there IS no new setup in sight! Don't repeal without replace.
Well ya. I was being kind.
__________________
TGIM
Dtail is online now  
Old 05-07-2020, 02:59 PM   #6
Recycles dryer sheets
 
Join Date: Sep 2007
Location: Portland
Posts: 444
Something that I don't quite understand - could someone illuminate me?

It seems almost everyone on the forum that is under 65 just can't wait to have medicare, which will provide basic hospital care, then you get part B D part F G N etc... depends on how much more fancy care you'd need - then medicare advantages is another option.

What if we make medicare available to everyone at cost (whatever cost that the government pays for 65 crowd) - then samething with part B D F G N - whatever you want just pay.

With lot of people in the medicare pool (not just 65 crowd), would it bring the medicare premium cost down?
neihn is offline  
Old 05-07-2020, 03:09 PM   #7
Thinks s/he gets paid by the post
USGrant1962's Avatar
 
Join Date: Dec 2016
Location: DC area
Posts: 1,381
Quote:
Originally Posted by neihn View Post
Something that I don't quite understand - could someone illuminate me?

It seems almost everyone on the forum that is under 65 just can't wait to have medicare, which will provide basic hospital care, then you get part B D part F G N etc... depends on how much more fancy care you'd need - then medicare advantages is another option.

What if we make medicare available to everyone at cost (whatever cost that the government pays for 65 crowd) - then samething with part B D F G N - whatever you want just pay.

With lot of people in the medicare pool (not just 65 crowd), would it bring the medicare premium cost down?
Medicare spends about $11K per year per person. So ~$22K for a couple. I think buying in for under 65 is a reasonable idea, but perhaps not a great buy. It would take an awful lot of buy-ins to move the needle.
__________________
FI and Semi-ER March 24, 2017
Consulting to stay engaged

"All models are wrong, some are useful." - George Box
USGrant1962 is offline  
Old 05-07-2020, 03:10 PM   #8
Thinks s/he gets paid by the post
Rustic23's Avatar
 
Join Date: Dec 2005
Location: Lake Livingston, Tx
Posts: 3,981
We just got a Medicare statement for an MRI. ILLED $450, Medicare paid $59, Sup paid $27. I’m not sure how this even covered the techs time much less the sunk cost of machines and facility. While Medicare for all sounds fine I can’t see it working at these payments.
__________________
If it is after 5:00 when I post I reserve the right to disavow anything I posted.
Rustic23 is offline  
Old 05-07-2020, 03:14 PM   #9
Thinks s/he gets paid by the post
USGrant1962's Avatar
 
Join Date: Dec 2016
Location: DC area
Posts: 1,381
Quote:
Originally Posted by jpeter1093 View Post
The problem is there IS no new setup in sight! Don't repeal without replace.
To be fair, BCBS/Anthem/Aetna aren't going anywhere and health insurance is actually regulated by the States (for better or worse), so they can keep all the Federal overlay regulations if they want. The biggest thing that would go away is the taxpayer subsidy for Exchange plans.
__________________
FI and Semi-ER March 24, 2017
Consulting to stay engaged

"All models are wrong, some are useful." - George Box
USGrant1962 is offline  
Old 05-07-2020, 03:17 PM   #10
Moderator
Aerides's Avatar
 
Join Date: Nov 2015
Posts: 5,328
Quote:
Originally Posted by USGrant1962 View Post
The biggest thing that would go away is the taxpayer subsidy for Exchange plans.
Financially, yes. But I'd think that the protection for coverage for pre-existing conditions is a bigger impact for many, as it's Y/N on if you can get private non-group insurance at all.
Aerides is offline  
Old 05-07-2020, 03:22 PM   #11
Thinks s/he gets paid by the post
jollystomper's Avatar
 
Join Date: Apr 2012
Posts: 2,668
Quote:
Originally Posted by Dtail View Post
This is true.
The current ACA setup is great for my brother and I who save 22k yearly.
However having such disparities in premiums across different states for the same MAGI is not fair either.
I can't imagine any new setup wouldn't include a provision for pre existing conditions.
The other interesting item to balance is that -at least in our area - it is not easy to find a provider that will accept ACA insurance. None of our current providers accept ACA insurance. I know this is not as high a priority as ensuring one can get insurance in the first place, but has to be considered.
__________________
FIREd date: June 26, 2018 - wwwwwwhat a rush!
jollystomper is offline  
Old 05-07-2020, 03:27 PM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jan 2018
Location: Tampa
Posts: 5,972
Quote:
Originally Posted by jollystomper View Post
The other interesting item to balance is that -at least in our area - it is not easy to find a provider that will accept ACA insurance. None of our current providers accept ACA insurance. I know this is not as high a priority as ensuring one can get insurance in the first place, but has to be considered.
Yeah didn't think about that.
Took it for granted, as every provider by me accepts ACA.
__________________
TGIM
Dtail is online now  
Old 05-07-2020, 03:55 PM   #13
Recycles dryer sheets
 
Join Date: Oct 2018
Posts: 87
Quote:
Originally Posted by Rustic23 View Post
We just got a Medicare statement for an MRI. ILLED $450, Medicare paid $59, Sup paid $27. Iím not sure how this even covered the techs time much less the sunk cost of machines and facility. While Medicare for all sounds fine I canít see it working at these payments.
The change would have to start from hospitals, doctors and drug companies. without these changes, Medicare for all is impossible
Eucerin is offline  
Old 05-07-2020, 04:05 PM   #14
Thinks s/he gets paid by the post
Lakewood90712's Avatar
 
Join Date: Jul 2005
Posts: 2,162
I do like the idea of medicare for anyone who wants to pay. The 11k per year premium probably does not really cover the government cost.

In anycase , the House will never pass killing the ACA. It is here to stay , unless Bernie ends up in the oval office .
__________________
" A person is smart, but People are dumb, dangerous, panicky animals, and you know it " Agent "K", Men in Black
Lakewood90712 is offline  
Old 05-07-2020, 04:11 PM   #15
Thinks s/he gets paid by the post
ugeauxgirl's Avatar
 
Join Date: Jan 2016
Location: Rural Alabama
Posts: 1,023
Quote:
Originally Posted by samm View Post
On the other hand, ACA increased the health care premiums of higher income early retirees so perhaps the ACA repeal will lower their premiums.

There are 2 sides to this issue.
Yes, my health insurance was very affordable before ACA. Now it isn't.
__________________
Projected retirement--2020 at age 48
ugeauxgirl is offline  
Old 05-07-2020, 04:13 PM   #16
Thinks s/he gets paid by the post
ExFlyBoy5's Avatar
 
Join Date: May 2013
Location: Country Living
Posts: 3,801
Quote:
Originally Posted by Rustic23 View Post
We just got a Medicare statement for an MRI. ILLED $450, Medicare paid $59, Sup paid $27. Iím not sure how this even covered the techs time much less the sunk cost of machines and facility. While Medicare for all sounds fine I canít see it working at these payments.
This x1000. My DW had spine surgery a couple of months ago and the first *big* bill was $184,000 and insurance (Tricare, which pretty much follows medicare) paid about $8,000. It really makes no sense to me.
__________________
Retired in 2014 at the Ripe Age of 40
ExFlyBoy5 is offline  
Old 05-07-2020, 04:19 PM   #17
Thinks s/he gets paid by the post
 
Join Date: Jun 2016
Posts: 3,743
Quote:
Originally Posted by samm View Post
On the other hand, ACA increased the health care premiums of higher income early retirees so perhaps the ACA repeal will lower their premiums.

There are 2 sides to this issue.
This is where I get into it with my brother. He boasts about getting a subsidy. I tell him, youíre welcome. I pay it.
COcheesehead is offline  
Old 05-07-2020, 04:42 PM   #18
Full time employment: Posting here.
BeachOrCity's Avatar
 
Join Date: Jun 2016
Posts: 718
Quote:
Originally Posted by USGrant1962 View Post
Medicare spends about $11K per year per person. So ~$22K for a couple. I think buying in for under 65 is a reasonable idea, but perhaps not a great buy. It would take an awful lot of buy-ins to move the needle.


Theoretically if they charged that much it would make Medicare more actuarial sound. As the under 65 crowd should be cheaper.
But then again the sickest folks are on the gold and platinum policies now and those costs are shifted to bronze... so maybe not.
BeachOrCity is offline  
Old 05-07-2020, 04:44 PM   #19
Full time employment: Posting here.
BeachOrCity's Avatar
 
Join Date: Jun 2016
Posts: 718
Quote:
Originally Posted by ExFlyBoy5 View Post
This x1000. My DW had spine surgery a couple of months ago and the first *big* bill was $184,000 and insurance (Tricare, which pretty much follows medicare) paid about $8,000. It really makes no sense to me.


It also says god help you if you donít have insurance to negotiate the costs down!!!!

Frankly I would like it if they offered a 50k deductible policy just to get their rates and pay everything myself unless I got the big C , heart attack etc.
BeachOrCity is offline  
Old 05-07-2020, 04:54 PM   #20
Full time employment: Posting here.
jimbee's Avatar
 
Join Date: Oct 2010
Posts: 691
Quote:
Originally Posted by COcheesehead View Post
This is where I get into it with my brother. He boasts about getting a subsidy. I tell him, youíre welcome. I pay it.
Medicare is also subsidized for most people.
__________________

jimbee is offline  
Closed Thread


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
vow renewal?? palomalou Other topics 23 08-25-2013 10:59 AM
Veterans Administration Hospitals two4theroad Health and Early Retirement 2 02-06-2008 06:22 PM

» Quick Links

 
All times are GMT -6. The time now is 05:53 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
×