Early retired people—how much is your health insurance premium?

[Anonymous]

Just turned 60 and have been retired for 7 years in DC. High deductible PPO plan for spouse and me is $1300 a month. I’m on my former employer’s group plan paying the whole premium.

[Anonymous]

If I were to retire today, my premium would be roughly $1200 through my employer (assuming no kids). If I retired when my kids were still on my insurance, it'd be $1600.

[Anonymous]

Anonymous wrote:Nothing. We do gig work and write off so many expenses we're always able to keep our AGI under the limit.

That said, we chose a crappy bronze plan with a massive deductible. Mid-50s and no health issues, so it's working so far.

You don’t have to worry about AGI if you go with a private PPO option. You don’t need to purchase through the ACA/marketplace. Other options are available especially for 1099 or self employed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Nothing. We do gig work and write off so many expenses we're always able to keep our AGI under the limit.

That said, we chose a crappy bronze plan with a massive deductible. Mid-50s and no health issues, so it's working so far.

You don’t have to worry about AGI if you go with a private PPO option. You don’t need to purchase through the ACA/marketplace. Other options are available especially for 1099 or self employed.

If you are a DC resident, there is no private market outside the exchange. Council passed that legislation when the ACA was implemented to drive enrollment in the exchange.

[Anonymous]

Anonymous wrote:Not aca.

$5300/month for 4 of us. Ppo

Why??!!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Not aca.

$5300/month for 4 of us. Ppo

Why??!!

Why what?

[Anonymous]

$400 per month taken out of my private company pension for teen and me.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Nothing. We do gig work and write off so many expenses we're always able to keep our AGI under the limit.

That said, we chose a crappy bronze plan with a massive deductible. Mid-50s and no health issues, so it's working so far.

You don’t have to worry about AGI if you go with a private PPO option. You don’t need to purchase through the ACA/marketplace. Other options are available especially for 1099 or self employed.

If you are a DC resident, there is no private market outside the exchange. Council passed that legislation when the ACA was implemented to drive enrollment in the exchange.

You’re correct. In DC, there is no private market.

However, in Maryland and Virginia there are private options that are non-ACA plans available. Keep in mind if you’re higher income and healthy, the private market will have lower rates than the marketplace. The marketplace premiums are higher for those with higher incomes.

[Anonymous]

Same premium as when DH was employed with federal government as can take health insurance with you when you retire. bCBS standard.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Not aca.

$5300/month for 4 of us. Ppo

Why??!!

Why what?

This is crazy! 60k a year in health insurance premiums?? Wow. I never realized they could get that high.

Crap, I would rather work at home depot when i am "retired" just to get health insurance..

[Anonymous]

How do you research for this? We’re 50’s, enough money, and just starting to talk about a “walk away” scenario. Assuming no employer plan is available, how would I estimate what are coverage options are? (Especially now that I see the dramatic differences in premiums paid by pps).

[Anonymous]

Anonymous wrote:How do you research for this? We’re 50’s, enough money, and just starting to talk about a “walk away” scenario. Assuming no employer plan is available, how would I estimate what are coverage options are? (Especially now that I see the dramatic differences in premiums paid by pps).

https://www.healthcare.gov/see-plans/#/

[Anonymous]

The high premium and deductible is why my mom chose to get a part time job.

I helped them when looking at the ACA and for even the crappy Bronze plans, the premium was $2500/month.

They went outside of the ACA with BCBS and pay ~$1600/month with a $9k deductible.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Not aca.

$5300/month for 4 of us. Ppo

Why??!!

Why what?

This is crazy! 60k a year in health insurance premiums?? Wow. I never realized they could get that high.

Crap, I would rather work at home depot when i am "retired" just to get health insurance..

Well, there is a single - one - option in all of VA for a ppo. Well, there are two options: a gold and silver ppo. We did gold for years and it wasn’t worth the extra amount so this is the “lower” silver amount. I didn’t retire young to scrimp on health insurance but it is outrageous.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How do you research for this? We’re 50’s, enough money, and just starting to talk about a “walk away” scenario. Assuming no employer plan is available, how would I estimate what are coverage options are? (Especially now that I see the dramatic differences in premiums paid by pps).

https://www.healthcare.gov/see-plans/#/

Maryland has its own exchange, and I don't think there is an ACA approved health plan outside of these exchanges.

$1100 family of four BlueChoice HMO HSA Bronze $6,150