Retiring young - cautionary info

[Anonymous]

The folks on other thread asking if you really love on 80% of your JOB in retirement should read this thread.

[Anonymous]

PP, thanks for pointing out your DH's articles on Seeking Alpha. I'm really enjoying them.

[Anonymous]

Anonymous wrote:

corporate employer health insurance do not have pre-existing clause

Before ACA this was NOT true.

That is NOT true. Portability requirements were in place well before the ACA. When you changed jobs, you got preexisting conditions covered if you could show proof of prior insurance. I think it was put inplace at the same time as COBRA, if I recall.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

corporate employer health insurance do not have pre-existing clause

Before ACA this was NOT true.

That is NOT true. Portability requirements were in place well before the ACA. When you changed jobs, you got preexisting conditions covered if you could show proof of prior insurance. I think it was put inplace at the same time as COBRA, if I recall.

NP: Portability requirements are not the same as not having pre-existing clause. This is especially matters for women who are more likely to have gaps in work due to pregnancy or caregiving. And if you lost your job and couldn't afford COBRA and had a gap in insurance you were screwed.

[Anonymous]

Anonymous wrote:We are also in our mid 40 and want to retire soon, still have kids in elementary and middle school. Any thoughts about moving to Canada, in terms of health care and education ?

We’re considering it since my husband is Canadian. He thinks the education system is superior. If health care was reasonable here, we would just stay here.

[Anonymous]

If those insurance costs seem like a burden it would be really, really stupid to choose to retire early.

[Anonymous]

Anonymous wrote:If those insurance costs seem like a burden it would be really, really stupid to choose to retire early.

Thanks, but this is precisely the original post’s point.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How much longer until your kids can get their own insurance? Are you 50s now or still in your mid 40s?

We are almost 50 now. It is essentially the only ppo. Kaiser is the other option.

Why not Kaiser? I have it and like it.

Same. We’ve had Kaiser for 26 years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How much longer until your kids can get their own insurance? Are you 50s now or still in your mid 40s?

We are almost 50 now. It is essentially the only ppo. Kaiser is the other option.

Why not Kaiser? I have it and like it.

Same. We’ve had Kaiser for 26 years.

But we haven’t. So doing kaiser means switching all providers. You would t have to do that.

[Anonymous]

Anonymous wrote:The folks on other thread asking if you really love on 80% of your JOB in retirement should read this thread.

The increase is less than I have to save for ONE kid for college.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What are you going to do when Obamacare totally collapses? We are on that path thanks to our lovely government.

Democrats didn't look too far passed the election of 2016.

They built it to collapse when Republicans held the power.


Nice, right?

You don't even know the difference between passed and past, and we should believe what you say?

[Anonymous]

Anonymous wrote:

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Anonymous wrote:
Yeah, so this is why I plan to early retire to Europe where I can get nearly free healthcare.

Whereabouts? It's not easy in many countries to get permanent residency. People assume they can just flounce into any country and oh, won't they just be so glad to have you? No. Especially when you're going to leech on a system you haven't paid into.

Portugal is widely considered one of the best EU countries for expats to retire to... and guess what! You have to provide proof of health insurance and pay for your own health insurance for at least the first 5 years. You aren't eligible to participate in their publicly-funded health care until (and unless) you become a permanent citizen which can take more than 5 years too.

I have an Irish passport - do u think I still have to wait 5 years?

Yes, maybe not five years but you will have to establish residency for a while.

DP, I have an EU passport, so as a matter of right, I can enter any national health system in the union. The Irishman can do the same.

My cousin is French. Born and raised. Also a lazy bum. Never had a job. He doesn't get access to the health care system.