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Old 01-14-2015, 08:53 PM
 
Location: Wisconsin
671 posts, read 1,228,936 times
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If retiring before Medicare kicks in, how do you afford health insurance?

How have you done it? Thanks.
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Old 01-14-2015, 09:00 PM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
22,585 posts, read 39,962,822 times
Reputation: 23716
Thailand - Medi-vacation
Philippines, Malaysia have similar (medical tourism)

You can move the the above ... or to South America.. Ecuador, Columbia). Central America: Costa Rica and Panama

There are ex-pat sites touting Western Europe as affordable for retiree healthcare (Italy, France, Portugal in particular)

This will become even more popular as ACA unravels.
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Old 01-14-2015, 09:03 PM
 
Location: MMU->ABE->ATL->ASH
9,127 posts, read 17,145,055 times
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Any one attempted to plan/adjust there income stream to keep as close to the 18K ACA (Obamacare) to get the max sub-subsidy on the health Plans?
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Old 01-14-2015, 09:09 PM
 
Location: Wisconsin
21,539 posts, read 44,018,537 times
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Quote:
Originally Posted by flyonpa View Post
Any one attempted to plan/adjust there income stream to keep as close to the 18K ACA (Obamacare) to get the max sub-subsidy on the health Plans?
People should be manipulating income streams to qualify (or not lose) these subsidies just as they do their other tax planning. Those who don't have their heads in the sand. I've seen lengthy discussions take place as far back as a year ago on this issue on other boards.
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Old 01-14-2015, 09:18 PM
 
Location: USA
271 posts, read 314,839 times
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Quote:
Originally Posted by flyonpa View Post
Any one attempted to plan/adjust there income stream to keep as close to the 18K ACA (Obamacare) to get the max sub-subsidy on the health Plans?
$11,671 per 2014 poverty level should get the maximum subsidy for one person.
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Old 01-14-2015, 10:09 PM
 
Location: Wisconsin
21,539 posts, read 44,018,537 times
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Quote:
Originally Posted by Jim Mac View Post
If retiring before Medicare kicks in, how do you afford health insurance?
To answer the Q, the ACA. Investigate either your state exchange or healthcare.gov for an idea on rates with your projected retirement income. Other than that, consult a good health insurance broker in your area. Area matters - a lot.
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Old 01-14-2015, 10:12 PM
 
Location: USA
271 posts, read 314,839 times
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Quote:
Originally Posted by Ariadne22 View Post
To answer the Q, the ACA. Investigate either your state exchange or healthcare.gov for an idea on rates with your projected retirement income. Other than that, consult a good health insurance broker in your area. Area matters - a lot.
and you should it by midnight tonight to get coverage for Feb 1
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Old 01-14-2015, 10:28 PM
 
48,516 posts, read 83,943,432 times
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if you can't afford to retire with ACA subsidizes then you can't afford to retire. ;basically. There is no high out of pocket with variety of coverage choices now days. You have to pay for coverage you do not need to subsidize others with ACA. But high out of pocket is still available. That's the big change for retirees before Medicare; paying the coverage you don't need in ACA one size fits all. That is why its a wealth transfer from the middle class upwards; the more your income the more you pay for same coverage. How employers adopted is another discussion all together.
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Old 01-15-2015, 02:32 AM
 
71,592 posts, read 71,751,865 times
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basically tex is correct . if you can't afford the policy you can't afford to retire.

i will cobra for 2-1/2 years in july. then i will be eligible for medicare. ny has extended cobra to 3 years.

while i have an obama plan it is a small business plan and the rates and terms are much better than the individual plans. marilyn is a bit older so she starts medicare in august so i will just need a single plan.
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Old 01-15-2015, 09:12 AM
 
Location: SoCal
6,068 posts, read 9,531,033 times
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DH is on Medicare, and I get my insurance from the exchange. I had our financial guy adjust my income so as to stay off Medi-Cal, which s*cks big time (my disabled sister is stuck with it). We had to pay COBRA ($$$!!!) for a month because the people that handle my retiree health care kept effing it up, and I didn't want to risk a non-covered stretch that would cause lifetime penalties for DH's PartB and PartD.
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