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Originally Posted by Craig Vernon
Believe me these financial people as coach put it are killjoys and there analysis is never guaranteed as we both know. My situation is a bit more interesting in that if I do not lock in what I have by December 2021 then I must wait three more years contractually. In June of 2022 everything is on the table for negotiation and could change in a potentially negative way. Example, lose any subsidized medical coverage for retirees and spouse.
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So you have a few months to decide. If by leaving now, you are guaranteed subsidized medical coverage for you and spouse all the way up to your Medicare years, I'd go for it. That's pretty substantial. Depending on your income (which includes pension and severance), you might be eligible for ACA subsidies. But the more you earn (including pension and severance), the lower the subsidy.
We only paid $48/month for our health insurance last year. This year, we have to pay $130/month because this year hubby's social security is kicking in for the first time. If we earned too much to qualify, our plan would cost us $1897/month.
So consider the value of that health insurance as a significant factor in your decision to stay or leave, when you choose to do so.