Retirement: Health Care

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I got layoff recently. I don't think I will find another job in this market. Cobra offer by the company is expensive ($1350 per month PPO). Where do you buy health care? I am 61.5 years Should I join AARP/AAA or what to get lower rate? Any recommendation.

You pay the Cobra. ACA for a similar plan will cost a lot more

I’m 58 in Virginia and my Silver ACA plan is half what this person is citing for COBRA.

And your silver ACA plan likely has less benefits and higher deductibles/costs than the COBRA.

I'm 55 and a SILVer ACA EPO plan would cost almost 40% more than our COBRA for much higher deductibles and overall costs.

[Anonymous]

I'm paying $1600 per month on a silver ACA plan for one person.

I get no subsidies. In my state if you gross over $45,000 per year you do not qualify for subsidies.

[Anonymous]

Get a job even if part time in retail to get insurance

[Anonymous]

Anonymous wrote:Get a job even if part time in retail to get insurance

I don;t think part time gets insurance

[Anonymous]

Anonymous wrote:

Anonymous wrote:Get a job even if part time in retail to get insurance

I don;t think part time gets insurance

Sure they do.

[Anonymous]

At Starbucks and Costco they do - don't know about other places. At my tiny nonprofit, PT does not get benefits

[Anonymous]

I am looking at ACA. I plan to withdraw money from my 401k plan. Does this count as income? I also have a small rental condo? What is consider as income and see whether I qualify for subsidies. For this year, I don't qualify but next year. I may qualify since I don't have a job. I have not start taking the social security. Does this count as income? I need to find insurance by Nov when my current one expire and need to make a decision of COBRA or not.

[Anonymous]

You should get on the ACA. It should save you $2,500 per year for a family of four and you can keep all of your doctors, but only if you like them. Someone famous once said that.

[Anonymous]

Anonymous wrote:I am looking at ACA. I plan to withdraw money from my 401k plan. Does this count as income? I also have a small rental condo? What is consider as income and see whether I qualify for subsidies. For this year, I don't qualify but next year. I may qualify since I don't have a job. I have not start taking the social security. Does this count as income? I need to find insurance by Nov when my current one expire and need to make a decision of COBRA or not.

It all counts. There is a broad definition of income for ACA subsidies. I only have about $20k in earned income but I do not qualify for ACA subsidies because of unearned/passive income including rental income, dividends and capital gains.

[Anonymous]

As a person in my mid fifties, this scares me. Unbelievable that we accept this healthcare system in this country.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Get a job even if part time in retail to get insurance

I don;t think part time gets insurance

Sure they do.

SOME large companies offer benefits to part-timers, but you usually have to work at least 30 hours a week. So not really what most people think of as part-time. You can't pick up a couple shifts at Starbucks and get insurance, unfortunately. I'm a PP in the same boat as OP and I've looked into it!

[Anonymous]

Anonymous wrote:At Starbucks and Costco they do - don't know about other places. At my tiny nonprofit, PT does not get benefits

Starbucks is shutting down many stores. Costco does not have many jobs open.