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][quote=Anonymous][quote=Anonymous]OP however my older kids have jobs however, it is expensive out of their paycheck and "technically" free for me as I have to have the family plan was my wife and kid in college is on it anyhow. I have medical, dental and vision for five people on plan.

If I quit my two oldest would go on their work plan, my one in college I guess some type of bare bone college plan (but I would end up paying the policy plus who knows if she even would have dental or vision coverage).

It is like a crazy domino effect.

And I don't think it is crazy in US my insurance is tied to my job. I do think having kids ands spouses dependent on it and something they cant control is crazy.  [/quote]

Where do they work and where do you work?

My kid pays $0 for their health insurance for their job because premiums are like nothing for single 20 somethings in good health.  Assuming he stays with the company, I think he will have to pay something when he moves to a family plan.

I mean, what are your older kids going to do when they hit 27?  You might as well cut the chord now and get them used to budgeting for insurance.[/quote]

Cut the cord now and have them pay more for worse insurance?  Better to have them contribute to the premium paid by the parent until they hit 27. The dollars add up and we all need more of them in this economy. [/quote]

+1000

Our kids get to stay on our insurance if it's the better choice for them.  Why waste $$$?  
We also keep them on our cell phone plans, as it's much cheaper that way.  If you want charge them for the cost, but why make them pay $40-50 more per month?

[/quote]

Because OP wants to retire.  This isn’t an issue if OP is fine working.

Why is it everyone’s working age kid seems to have shitty insurance, BTW?

My kids work professional jobs with excellent insurance for little to no cost.[/quote]

Because their kids aren’t working corporate jobs. They are either in the service economy, or they are working for political campaigns, non-profits, internships, or other kinds of jobs that at interesting and fulfilling, and may pay off in the long run, but need parental subsidies right now. It’s the privilege of the upper middle class to be able to have these jobs.[/quote]

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