Early retirement while facing unknown health insurance future?

[explanade]

Quote:

Originally Posted by eta2020 When I hear sums of money some of you can pay I have a feeling you are rich enough to get for example Portuguese residency and with it good health care. It is way more interesting and rewarding to learn Portuguese and another culture then slobber in work another 5-10 years. BTW that residency can include 10 years tax free for right people.

Portugal does come up on the top 10 lists of places to retire abroad:

10 Best Countries to Retire to in 2017 | Investopedia

https://internationalliving.com/2017...ces-to-retire/


However, one of the ideas being considered right now is that the only way to get coverage for pre-existing conditions under whatever they replace the ACA with would be to maintain continuous coverage.

If you drop coverage for any reason, such as living abroad, insurers may be able to price-discriminate against you and still not cover preexisting conditions. In fact, the penalty or higher premium is expected to be worse than the ACA penalty for not getting insurance.

[mh]

Quote:

Originally Posted by eta2020 You can be confident of one thing. They are businesses whose objective is not your health but their profit.

Well my health care is with Kaiser Permanente which is non profit ( for what it's worth )

[Mango1956]

Quote:

Originally Posted by OrcasIslandBound The real question is what about all those people who already retired and are on the ACA plan? Are you going to have to go back to work to get health insurance? Are you going to wait and see what happens? Is it possible that your health insurance will be cancelled? Are you a bit nervous about this future?

We retired last year at age 60, and have a Bronze plan with a high deductible (around 6500 apiece) Without the subsidy, it would cost 19,504 a year for premiums for the two of us. So if we lose the subsidy, we would probably go without insurance or one of us would have to go back to work. It's nervous time for sure...

[eta2020]

Quote:

Originally Posted by mh Well my health care is with Kaiser Permanente which is non profit ( for what it's worth )

I like to be a CEO of this non profit Kaiser and get 8 million USD annual pay And when you call 911 you are driven in non profit ambulance to non profit hospital.

Sounds like Munich Germany.

[W2R]

Thanks for the interesting discussion.

https://www.youtube.com/watch?v=gBzJGckMYO4