Are alot of you buying your own health insurance or covered by your job. Right now I am on the jobs health insurance but when I retire it will cost 1,368,00 per/mo. to maintain it. Anyone else experiencing the same high rates?
Health Insurance
- Thread starter mvphilly
- Start date
1,368,00 is that some kinda new math??
by the way I’m retired and on Shell oils retiree medical 750ish a monthe for me and the old lady……
Where are you located? PA I assume by your username.
I am retiring in a few months and even with working 5 months this year the premium for my wife and I will be about 1/3 of that and it will drop a bunch next year. Is the $1,368 the COBRA cost for just you (single)?
I am retiring in a few months and even with working 5 months this year the premium for my wife and I will be about 1/3 of that and it will drop a bunch next year. Is the $1,368 the COBRA cost for just you (single)?
73 and on medicare (165 p/m) and plan N ($90 p/m) so roughly $250 with full coverage, $200 deductible, and maximum $20 co pay. If you live long enough its a good deal. Only complaint is I wish it included dental. Fucking dentists make more than God. also pay AARP about $19 a month for a discount RX that gets me any prescription for $3-$4.
No not PA even worse in NY. The $1,368 is the family plan.The whole plan is $38,000 per year and my employer will pick up approx 55% and I am responsible for the 45%.It is what they call a Platinum Plan but it's a crazy amount.
Find an insurance broker in NY that deals with the Obamacare program and have them get you pricing on the marketplace plans based on your expected future income.
It sounds like you are showing the price for "Alternative retiree coverage" which is retiree health plan coverage that some employers offer as an alternative to classic COBRA. Employers can contribute to the health care insurance cost under this alternative plan. With my employers COBRA plan I would pay the full premium. I do know that if I would stay with my employers COBRA plan it would be 4x what I will be getting it for.
It sounds like you are showing the price for "Alternative retiree coverage" which is retiree health plan coverage that some employers offer as an alternative to classic COBRA. Employers can contribute to the health care insurance cost under this alternative plan. With my employers COBRA plan I would pay the full premium. I do know that if I would stay with my employers COBRA plan it would be 4x what I will be getting it for.
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My wife was wanting to retire about 18 months ago. She has insurance where she works. It was going to cost $1200 a month to put her on my work plan, and the Obamacare she checked on was going to cost about the same. She's still working at least until the end of this year.
Wait...you have a family plan and you're retiring? Or are you planning retirement for some time in the future?
Yeah, those retirement health insurance costs can be insane. When I left my job a few years back, I checked into COBRA and had the same sticker shock, it was like $1,100 monthly just for me. I ended up going the private route instead and managed to find something a lot more reasonable with decent coverage. Took a bit of digging, though.
Didn’t really use it post-military retirement 10 years ago because my new job had excellent health care coverage, but now that I’m twice-retired I’m ‘back’ on TriCare, and all I can say is I was spoiled by excellent private health care for 10 years. Don’t know what you got ‘til it’s gone I suppose.
TriCare covers the basics, but it’s a lot of money for basic services… Docs are pretty good, but man is it slow and very limited. A good look at the commie utopia of single-payer healthcare. I’ll pass.
I have been slowly transitioning over to the VA, and after growing up with the horror stories we’ve all heard, I’ve been very pleasantly surprised by the quality and availability of the healthcare I’ve received so far. Fingers crossed.
TriCare covers the basics, but it’s a lot of money for basic services… Docs are pretty good, but man is it slow and very limited. A good look at the commie utopia of single-payer healthcare. I’ll pass.
I have been slowly transitioning over to the VA, and after growing up with the horror stories we’ve all heard, I’ve been very pleasantly surprised by the quality and availability of the healthcare I’ve received so far. Fingers crossed.
I kept my insurance when I retired as a federal civilian. My portion increases at 15-20% a year. So much for the official govt inflation rate.
This year my medical, dental and vision eats about $800 a month. I have Tricare as an option but it's basically worthless. They are the worst and no doctors want to accept it. Every person I've dealt with from them is basically retarded.
Eventually that entire pension check will be consumed by insurance and after that I don't have to pay anything extra. I'm fine with that. It will suck to lose the income but I really like medical insurance that works.
My wife is a couple of years older and already signed up for Medicare. They wanted almost $500 a month for part B because I was still working. Right now we are planning to go it alone without part B and just private insurance. I've never met anyone who can explain part B or how it's cost is determined. I just know for both of us it will be about as expensive as buying my retirement medical with far worse benefits.
This year my medical, dental and vision eats about $800 a month. I have Tricare as an option but it's basically worthless. They are the worst and no doctors want to accept it. Every person I've dealt with from them is basically retarded.
Eventually that entire pension check will be consumed by insurance and after that I don't have to pay anything extra. I'm fine with that. It will suck to lose the income but I really like medical insurance that works.
My wife is a couple of years older and already signed up for Medicare. They wanted almost $500 a month for part B because I was still working. Right now we are planning to go it alone without part B and just private insurance. I've never met anyone who can explain part B or how it's cost is determined. I just know for both of us it will be about as expensive as buying my retirement medical with far worse benefits.
