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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Not aca.

$5300/month for 4 of us. Ppo [/quote]

Why??!! [/quote]

Why what?

[/quote]

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..[/quote]

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. [/quote]

Couple of questions:
- Assuming premiums are lower in MD (or somewhere close by where you can go for doctor's visits), can't you buy an MD plan with a MD address (rent a closet somewhere)?
- I've read about people with very low income ($0 earned/low investment income) but a ton of assets get marketplace discounts.  Is that true?  What are the rules? [/quote]
The rules are they go by tax returns (annual gross household income) not assets. The federal government pays subsidies to the insurance company with the understanding that you make what you say you make. If you underreport your income or change jobs/get a raise and you don’t report it, you will owe those subsidies back when you file your taxes.[/quote]

This. It’s insurance fraud if you take a plan out claiming you live somewhere that you don’t. I retired young with money. I’m not skimping on health insurance or my morality as a result. [/quote]

Where's the fraud if you rent a place in that state, especially a neighboring state like MD and all your doctors are there?  Does Obamacare prevent you from owning/using multiple residences? [/quote]

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