Mr._Graybeard
Thinks s/he gets paid by the post
- Joined
- Apr 18, 2011
- Messages
- 2,978
I retired in July 2013 with a severance package that included six months of free health insurance comparable to a silver ACA plan. As soon as that coverage lapsed, we went with a high-deductible Bronze plan with HSA from the marketplace. The first year the premium was $298 a month; the following year it was $221; last year it was $190 a month; and this year the premium for two adults in their early 60s is $106 a month. Yep.
We've learned to play the MAGI game, and the deductible has gone up slightly every year. This year we're looking at $13000 max OOP. I don't care about that -- my two must-haves are zero co-pay above the deductible and an HSA so I can shelter income.
If we have $13K in medical expenses in a year, so be it -- we just want to be protected from a catastrophic medical situation. My thinking always goes back to a friend who suffered a brain anyeurism at age 56 and spent a couple months in the ICU because he was too tough to give up without a fight. When he finally died, he left well over $1 million in medical bills, which exceeded the lifetime benefits cap on his group coverage.
We've learned to play the MAGI game, and the deductible has gone up slightly every year. This year we're looking at $13000 max OOP. I don't care about that -- my two must-haves are zero co-pay above the deductible and an HSA so I can shelter income.
If we have $13K in medical expenses in a year, so be it -- we just want to be protected from a catastrophic medical situation. My thinking always goes back to a friend who suffered a brain anyeurism at age 56 and spent a couple months in the ICU because he was too tough to give up without a fight. When he finally died, he left well over $1 million in medical bills, which exceeded the lifetime benefits cap on his group coverage.