slowsaver
Recycles dryer sheets
How do very-early retirees budget for health insurance premium increases before reaching medicare age?
I checked on coveredca.com, and assumed no subsidy. The plan I would buy at age 41 in 2016 costs $373/mo. The same plan at age 42 in 2017 costs $427.33/mo (14% more).
So how would I project my payments from ages 45 to 65? I'm hoping not to just add 14% per year.
I've been a very healthy person so far, so I don't use my insurance much. Also, I am not not entitled to any post-retirement health coverage from my employer.
I checked on coveredca.com, and assumed no subsidy. The plan I would buy at age 41 in 2016 costs $373/mo. The same plan at age 42 in 2017 costs $427.33/mo (14% more).
So how would I project my payments from ages 45 to 65? I'm hoping not to just add 14% per year.
I've been a very healthy person so far, so I don't use my insurance much. Also, I am not not entitled to any post-retirement health coverage from my employer.