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View Poll Results: Retired- under 65? Do you get Obamacare Subsidies?
Yes and I am proud of it 28 31.46%
No, I am paying for the insurance without help 30 33.71%
My ex employer pays for my health insurance 21 23.60%
What is Obamacare? 10 11.24%
Voters: 89. You may not vote on this poll

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Old 01-18-2017, 09:41 AM
Location: Florida
19,819 posts, read 19,910,927 times
Reputation: 23222


Originally Posted by mathjak107 View Post
the problem is most wealth is tied up in peoples house's so it is not avail for spending .

it would be very unfair had they only counted liquid assets and if they counted ill-liquid assets that would work out no better as folks couldn't pay the premiums and out of pockets with the living room .

medicare only counts assets when they are sold and becomes taxable income as well .

I wouldn't have bothered writing that if the situations I mentioned concerned assets that are tied up and weren't liquid.
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Old 01-18-2017, 09:47 AM
Location: SF Bay Area
1,424 posts, read 2,431,791 times
Reputation: 1776
Didn't take part in the poll since our circumstance is different. I retired at 50 and have a health plan through my former employer. I still have my 2 college age kids on the plan, so the premiums are very high (over 1K per month) but will be reduced once the kids are off it (and will eventually be very low). My son will have a health plan through his grad school, so he'll be off it in August or September (saving me $600/month) however my my daughter will still be on my plan.
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Old 01-18-2017, 09:56 AM
Location: North Monterey County
3,183 posts, read 2,857,897 times
Reputation: 4878
When I retire at 65 my spouse will only be 63. I have an employer-sponsored retiree health plan based on unused vacation time over a number of years.

We will pay for extending my employer's health plan with that money for him until he reaches 65.

I hope to Dog that Medicare will be there for both of us.....
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Old 01-18-2017, 10:07 AM
4,315 posts, read 2,526,154 times
Reputation: 7686
My wife and I opted for no insurance for a few years until we got Medicare in 2010.

There was no Obamacare and the insurance premiums we found were too costly.

We gambled and won.
If we had lost, there was a paid off farm that would have to be used for catastrophic medical bills
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Old 01-18-2017, 10:44 AM
Location: Albuquerque NM
1,661 posts, read 1,527,059 times
Reputation: 3650
Originally Posted by NewbieHere View Post
It bothers me too but not the 50s something. Younger bums in their 30s and 40s, who are capable of working, but know how to milk the system. Not good for the economy.
Agree. The laws and tools in place also allow for welfare, subsidized housing, and food stamps. But if you take advantage of those tools, you are considered scum and to be cheating the tax payers. But if you are some wealthy young software engineer retiring early and obtaining thousands of dollars in ACA subsidies, you are considered a savvy tax planner.
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Old 01-18-2017, 10:52 AM
Location: Kronenwetter Wisconsin
288 posts, read 140,571 times
Reputation: 600
My brother in law retired at 59 because of the affordable health care. He position was terminated. My sister only works a few hours a week and so their premiums are $0. If he would have had to pay for health care he would have found a new job. Although they are financially set. His attitude is he paid in he should have the taxpayers fund his insurance. I think he has the money he should have to pay something.
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Old 01-18-2017, 10:55 AM
Location: Forests of Maine
30,687 posts, read 49,462,974 times
Reputation: 19134
I was forced onto pension when I was 42. My employer [US Navy] has a 'High-Year-Tenure' policy, that basically says that after 20 years of service I was too old to remain in the workforce. They [US Navy] provides two healthcare policies for me to choose from. One is Tricare, the other is a regional underwriter called Martin's Point. I can go to any hospital, medical facility, doctor, specialist, or even naturopath, anywhere in New England. This is a much better healthcare option as compared to what I was provided during Active Duty. These medical professionals are all college graduates and medical school graduate 'doctors' with MD after their names. Which is a far higher level of quality than what we were used to on Active Duty.

I pay an annual enrollment fee, office visit co-pays and co-pays for my prescriptions. They also have a mail-order pharmacy.

I have nothing to do with the VA, as I am a military retiree [the VA is for vets]. I have nothing to do with the ACA.
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Old 01-18-2017, 10:57 AM
71,651 posts, read 71,777,271 times
Reputation: 49241
i have an aca plan but no subsidy . i was a poor tax planner
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Old 01-18-2017, 11:32 AM
Location: SW Florida
9,760 posts, read 7,041,256 times
Reputation: 14300
Originally Posted by Curious Investor View Post
So you have a million dollars. Your retired and need to make that money last for over thirty years. Assuming a 4% annual withdrawal that is only $40K a year. If you have to spend tons of money on health care premiums that have gone way up due to Obama Care rules, don't you deserve some help from the taxpayers?
Well, the other option would be to work till one reaches age 65 and becomes eligible for Medicare. At least theoretically, there would be fewer years for the retiree's money to cover than if he retired early. The retiree might also have the access to employer sponsored healthcare coverage as long as he/she works, could afford the premiums as long as he/she continued to work.

I know a number of folks in this situation who would love to retire before their full retirement age but don't do so because of the cost of healthcare insurance for people at that age, their plans are just to wait till they can get Medicare.

So to answer your question, unless illness, job loss or other circumstances forced your early retirement, a choice to do so, especially when you're sheltering substantial retirement income to be eligible for ACA subsidies, IMO does not entitle you to help from taxpayers to pay your insurance policies.
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Old 01-18-2017, 11:42 AM
Location: -"`-._,-'"`-._, ☀ Sunny Florida ☀ ,-"`-._,-'"`-.
1,352 posts, read 732,417 times
Reputation: 1295
The talk about rates going up again, well short term memory for many. Premiums for many used to be lower before ACA came along. ACA drove up premium costs as well as costs that doctors charge.

To make things really equal, I'd LOVE to see whatever is approved by our elected officials is the same coverage they, and their families, get.

Also, thanks to OP for the backhanded troll post
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