Anyone out there living on $25,000 and less in retirement? Still enjoying life anyway? (retirees, separate)
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Are you leaving this place when you 'retire'? Consider some options... I can't count the 'repairs' I have done to my $100 riding mowers. (a very proficient welder by now!). Thus I just 'upgraded' to a $300 used riding mower. It was a one yr old Home Depot model, so it will probably NOT hold up like my 1976 mower I keep in the PNW (mows LOTS of wet grass multiple times / week during HIGH season!) I hate mowing grass, but goats are more trouble.
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Yes the plan is to sell this old farmhouse, which is awesome but costs a ton to maintain, and to downsize to a much more affordable area in the south. The $3,000 mower was essential given all the area I need to mow and mow around. I plan to use the balance from the house sale after moving cost and the new house to finance our healthcare. I am also figuring on using a big chunk of my SS to purchase supplemental health care, that is a must so we don't end up as so many described in this thread. $700-$800/month for a couple sound about right for this supplemental coverage?
Last edited by DaveinMtAiry; 08-18-2015 at 02:03 PM..
Yes the plan is to sell this old farmhouse, which is awesome but costs a ton to maintain, and to downsize to a much more affordable area in the south. The $3,000 mower was essential given all the area I need to mow and mow around. I plan to use the balance from the house sale after moving cost and the new house to finance our healthcare. I am also figuring on using a big chunk of my SS to purchase supplemental health care, that is a must so we don't end up as so many described in this thread. $700-$800/month for a couple sound about right for this supplemental coverage?
Shop around. The BC/BS supplemental plan I have in Nebraska is less than $200.00 for single coverage. Dental is extra and mt Prescription coverage with WalMart/Humana is $19. I usually pay an extra $44 in c-pays also.
Moderator cut: off topic. could start a political fight
Last edited by in_newengland; 08-19-2015 at 01:22 AM..
Get your services in Thailand, Malaysia or Philippines! 'national care' Europe has been doing it for decades!
Dental, eye, medical... just a 12 hr flight away (at about 1/10th the USA rates) My care has been superb and very friendly / helpful to the 'medi-vacation' person. FAST... lightning fast! not drawn out days of traipsing around to many different specialists and waiting in line. You need a specialist? they will ship them in via flight or taxi.
Very helpful to enjoying life < $25k... That range also allows you to do ROTH transfers (I do those during 'no / minimal earning' yrs)
Also in my state the low income + elderly allows property tax deferral! (I have my eyes on that!)
Thanks for the references! People always cite "medical tourism", butcha never know where to go to research it!
Shop around. The BC/BS supplemental plan I have in Nebraska is less than $200.00 for single coverage. Dental is extra and mt Prescription coverage with WalMart/Humana is $19. I usually pay an extra $44 in c-pays also.
Moderator cut: off topic. could start a political fight
That is certainly good news to read. If it's this cheap why are so many going bankrupt from medical costs?
That is certainly good news to read. If it's this cheap why are so many going bankrupt from medical costs?
There are coverage limits on many (most?) policies. There are also lots of procedures that are excluded and even ones that are covered won't be if you don't jump through all the right hoops. New drugs on the market can be crazy expensive and not covered yet. Insurance is not "we got your back no matter what". If they can legally avoid paying for something, they don't pay for it.
Oh I totally understand how insurance companies try to get out of payments. But coverage limits are the big concern. Obviously serious medical issues can run into huge money, I would probably look to get coverage that will have a very high limit even if it costs a lot more. I will not go broke if I can help it if my wife gets cancer. And I sure won't stop treatment.
Oh I totally understand how insurance companies try to get out of payments. But coverage limits are the big concern. Obviously serious medical issues can run into huge money, I would probably look to get coverage that will have a very high limit even if it costs a lot more. I will not go broke if I can help it if my wife gets cancer. And I sure won't stop treatment.
I was using old dated information. The limits went away last year. Obama has your back. Well, sort of.
Quote:
The health care law stops insurance companies from limiting yearly or lifetime coverage expenses for essential health benefits. Lifetime Limits
Insurance companies can’t set a dollar limit on what they spend on essential health benefits for your care during the entire time you’re enrolled in that plan. Yearly Limits
Insurance companies can’t set a yearly dollar limit on what they spend for your coverage. This is true for plan years or policy years starting January 1, 2014 or later. Does this apply to my plan?
It depends. Protections against lifetime limits on coverage apply to all health plans, including grandfathered plans, whether you get coverage through your employer or buy it yourself.
Protections against annual limits apply to most health plans, but they don’t apply to grandfathered individual health plans. Check your plan’s materials to find out if your health plan is grandfathered. Are there any exceptions I should know about?
Yes. Insurance companies can still put a yearly dollar limit and a lifetime dollar limit on spending for health care services that are not considered essential health benefits.
So what are Essential health benefits?
Quote:
The essential health benefits include at least the following items and services:
Ambulatory patient services (outpatient care you get without being admitted to a hospital)
Rehabilitative and habilitative services and devices (services and devices to help people with injuries, disabilities, or chronic conditions gain or recover mental and physical skills)
Pediatric services, including oral and vision care
What is annoying is that "ambulatory patient services" is not a link, nor is "Hospitalization" so it isn't clear what those include/exclude.
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I hate mowing grass, but goats are more trouble.
