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Excellent overview of ER Health Insurance Options
02-19-2020, 10:00 AM
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#1
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Full time employment: Posting here.
Join Date: Apr 2005
Posts: 807
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Excellent overview of ER Health Insurance Options
For those who don't consistently follow this excellent blog this new post may be a good place to start. Darrow and Chris have put a ton of work into updating the info and links here.
Of special interest to me was the hyperlink to the chart ranking states by cost of, access to and outcomes of health care. Eye-opening to see just how broad the range is.
https://www.caniretireyet.com/early-...hcare-options/
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02-19-2020, 12:21 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
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Join Date: May 2013
Location: Les Bois
Posts: 5,761
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huge error on the initial budget of $1200 a month for an early retired couple - should be much higher than that sans credits
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You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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02-19-2020, 12:38 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Aug 2012
Posts: 1,862
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Very helpful - thanks for sharing. I'm going to bookmark this. I have one more year to eek out before Medicare kicks in.
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FIRE Class of 2018 @ 61
Old men and women sit in the shade of trees they planted long ago
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02-20-2020, 10:37 AM
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#4
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Full time employment: Posting here.
Join Date: Feb 2018
Location: An Un-Organized Township of Maine
Posts: 801
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I went onto Tricare when I retired in 2001.
I have another 5 years to go before I am old enough for Medicare.
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Retired at 42 and I have been enjoying retirement for 18 years [so far].
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02-20-2020, 11:26 AM
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#5
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,366
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 Quote:
Originally Posted by Big_Hitter
huge error on the initial budget of $1200 a month for an early retired couple - should be much higher than that sans credits
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It depends.... we pay about $532/month for an ACA cat policy with no subsidies... it depends on where you live.
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If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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02-20-2020, 11:32 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 2003
Location: Florida's First Coast
Posts: 7,722
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Quote:
Originally Posted by pb4uski
It depends.... we pay about $532/month for an ACA cat policy with no subsidies... it depends on where you live.
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Yes, but what are your Copays, Deductibles and MOOP?
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"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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02-20-2020, 11:46 AM
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#7
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,212
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I assume the link you are referring to (from the blog) is this wallet hub link that ranks by state.
https://wallethub.com/edu/states-wit...th-care/23457/
My state, CA, falls in the mid-low range (ranks 30). But I take that somewhat with a grain of salt - there is a HUGE difference in price between NorCal and SoCal. I assume the state rank averages across the state. This split in price in CA has been true since long before the ACA - I always looked at our work premiums by work locations.... and NorCal always pegged it at the top... Similar discrepancy when I worked in PA - employees who lived across the Delaware in NJ paid more per month than those of us who lived on the PA side of the river.
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Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
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02-20-2020, 12:01 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Posts: 3,083
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New York has no age rating so it helps if you are closing in on 65 yo. The SLCSP in my area is $587 a month unsubsidized. NY enacted the BHP provision of the ACA so it offers all plans below 200% FPL for $20 a month.
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02-20-2020, 04:31 PM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,366
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Quote:
Originally Posted by ShokWaveRider
Yes, but what are your Copays, Deductibles and MOOP?
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Very little... some years $0.... at most $1k a year.
Deductible and MOOP is $8,150.
http://www.bcbsvt.com/wps/wcm/connec...df?MOD=AJPERES
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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02-20-2020, 05:48 PM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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Quote:
Originally Posted by ShokWaveRider
Yes, but what are your Copays, Deductibles and MOOP?
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I budgeted $2K a month for medical for the 2 of us; my COBRA is about $700 a month just for single coverage.
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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02-20-2020, 05:56 PM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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Quote:
Originally Posted by pb4uski
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right so your max expenses would be 6K for the premiums then 16K for MOOP then 3K for Rx or $25K annual?
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You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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02-20-2020, 05:59 PM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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Quote:
Originally Posted by pb4uski
It depends.... we pay about $532/month for an ACA cat policy with no subsidies... it depends on where you live.
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I'm budgeting more than just premiums in somewhat a belt and suspenders manner; probably closer to premiums plus MOOP for the 2 of us. I finally started tracking every dime of spending so I'll have a better feel in about 10 months lol 
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You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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