Reply to Are you delaying Retirement so your Adult Children can have medical coverage?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We asked our kids to get their own insurance plans through their employers. Yes, it costs them but we felt it's important for them to become independent. We randomly give them more money than what they spend but we stopped paying for insurance once they got employed.

This trend of employed kids living at home, staying on parental insurance and phone plan etc is enabling them to have a faux lifestyle they can't afford. They need to learn to be self sufficient and live within their means. I see young women carry designer bags, wear overpriced shoes, travel to exotic places, eat at fancy restaurants and drive luxury cars but not having money to pay for healthcare or utilities. What's up with that? [/quote]

I am OP but me asking my 25 and 23 year old to sign in employer policy just sucks money they could be saving in their savings account or putting in 401k. I am 63 but still work and with an 18 year old still in family plan. So for now their insurance costs me zero extra. I plan to work till youngest graduates college when I am 67.

Not kid related but my wife is a bit younger she turns 65 when youngest graduates college. So if I quit before 65 she also has insurance problems, kinda crazy I can’t even retire at 65 without my wife and youngest kid losing insurance.

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You started this thread by complaining you can’t retire and now you are here I guess showing how dumb it would be to retire.

It’s really not very expensive for healthy young adults to cover their portion of employer health insurance.

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It depends. My prior company we did it free single people on bare bones medical plan (dollar subsidy covered that) and full pay on vision and dental plus zero subsidies family plan. But a family plan we still got that same amount. I was paying $1,800 a month insurance! Top of line family plan with vision and dental. I quit that job.

My new job pays same percentage off single or family.

My older kid  her bare bones plan is very cheap but does not cover all her stiff.

To be honest we have to over 65 guys at work in very poor health who can’t retire as need our medical plan and both have wives under 65. One married younger wife with step children he adopted. He is 66 with four kids on plan! None biologically his but his second wife is 15 years younger.

It is crazy. People are working in their death bed or past 65 due to medical [/quote]

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