Reply to Should I stop daydreaming about retiring at 55?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]FYI

My health insurance for one person age 60 through ObamaCare under the Affordable Care Act runs me $1300 per month with a $7000 deductible. This is a bronze plan and the cheapest option in my state. I do not qualify for subsidies in my state as I earn over $46,000 per year.[/quote]

How much do states differ? Our income will be 120k (pensions and rental income) and I am figuring  $700 a month for both of us. [/quote]

That’s far too low for adults in their fifties. I was covering one adult via Obamacare (no subsidies) and it was $900 and I was in my late 30s. It zooms up as you age.[/quote]

No.  I have no idea what bells and whistles you people are including in your plans, but I bought an Obamacare plan in MD last year (single, age 41) for under $200/month - no subsidies.  Yes, it's got a $10K deductible, which is fine as I am in good health.  Apart from the chronically sick, I honestly have no idea why healthcare is some big bogeyman eating tens of thousands of dollars in people's budgets each year.[/quote]
because you are single and only 41.

We are a family of 4, adults in the mid/late 50s, and a kid who seems accident prone making us visit an ER and have surgery on broken bones.  You will have more health issues as you age, but also they want more tests as you age: heart, colonoscopy, mammo, etc.. Then they find things, and want to address it, which you have to pay oop.  Other than routine visits, doctor visits can be anywhere from $50 to $150 every time you go.  Rx is oop, and can cost anywhere from $2 to $100 per.
   
That's how people end up spending a lot on medical care.

I'm glad you are healthy. I was too, at that age.  Now you know. Make sure you plan for it.[/quote]

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