Quote:
Originally Posted by tom_sjc
Hello Villagers,
Thinking of retiring before 65. Would need to purchase health insurance on my own. Anyone have experience on this?
Non-smoking couple age 63/61:
Cost estimate?
Suggested health care insurance companies?
Dental, vision costs?
Presently living in San Jose and have Kaiser through work. They probably offer a Cobra plan; but not sure it would work in FL.
Thanks,
Tom
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Healthcare costs are outrageous. I am retired and my wife is self employed and we are both still in our late 50's. Our income does not allow us to get any subsidies and we have both had health issues so we get very good insurance through BC/BS. We pay just under $2,000 a month or about $24K per year. With inflation, we are looking at about $200,000 in premiums before Medicare kicks in, assuming it hasen't been gutted by then. The premiums would have gotten much worse if congress managed to pass the health care reform on the table earlier this year. Thea reform being pushed would have hit people between 50 and 65 very hard by eliminating the cap on risk pricing for seniors currently in place under Obamacare. Don't get me wrong, I don't like Obamacare, but it's better that what congress was trying to replace it with. What is sad is that my wife does not want to retire, but if she does we can get our income down to the point where the subsidies will kick in and we will be better off financially. Something is very wrong when the system gives people a disincentive to work?