Hello,
I am very close to my last day and looking at what to do with existing benefits. I have always had very good advice here, so I thought I would ask again.
First Question is Dental Insurance - I am 56, with wife (55) and two children aged 19 and 25. I am wondering if most people get dental insurance when they FIRE, or do they just foot the whole bill out of savings.
Currently, the dental is $1458 per year. Covers me, wife and two daughters. Preventative is free - Class II (I am thinking fillings, root canals, etc.) is 80%, Class III (non metallic crowns, bridges, etc.) is 50%. Max benefit payout per person is $1500 per year, with a $50 deductable.
Second Question - I have a Long Term Care insurance policy I got through the company when I was 49. It provides for $6000 per month for 6 years for nursing home or home care if I get Alzheimers or can't function otherwise. They are telling me that although I can't add my wife to the policy , I can continue this policy on me if I start picking up the tab. The amount is $669.60 per year. They tell me this stays the same as long as I pay the premiums. I think this is worth keeping, but would appreciate any thoughts.
Thanks in advance for your advice.
I am very close to my last day and looking at what to do with existing benefits. I have always had very good advice here, so I thought I would ask again.
First Question is Dental Insurance - I am 56, with wife (55) and two children aged 19 and 25. I am wondering if most people get dental insurance when they FIRE, or do they just foot the whole bill out of savings.
Currently, the dental is $1458 per year. Covers me, wife and two daughters. Preventative is free - Class II (I am thinking fillings, root canals, etc.) is 80%, Class III (non metallic crowns, bridges, etc.) is 50%. Max benefit payout per person is $1500 per year, with a $50 deductable.
Second Question - I have a Long Term Care insurance policy I got through the company when I was 49. It provides for $6000 per month for 6 years for nursing home or home care if I get Alzheimers or can't function otherwise. They are telling me that although I can't add my wife to the policy , I can continue this policy on me if I start picking up the tab. The amount is $669.60 per year. They tell me this stays the same as long as I pay the premiums. I think this is worth keeping, but would appreciate any thoughts.
Thanks in advance for your advice.