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Reply to "Exploding health care premium"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Wait till you retire or use COBRA it wil be $2400 a month. After paying into Medicare for 40 years each we then get soaked on Part B premiums adjusted by income. [/quote] Wow. That's really high. [/quote] That's exactly what happens if you are not "poor". If you have saved and planned for retirement, you get soaked with just basic medical insurance from age 65+ and you literally have no choice (or options). We have paid over $600K+ into Medicare over the years (likely more), yet it will be about $1200 per adult for medical, gap plan G and prescription coverage--that does not include any vision or dental plans. We plan to retire early. COBRA will be $2400/month and I'd happily pay that until we hit 65 if it was avaiable (it won't unless we retire at 63.5) Because a EPO (not doing HMO, want to keep our doctors and there are no PPOs in our area) will cost over $3K for the 2 of us at age 60 for a Silver plan, and bronze is only $200/month less and that is just MEDICAL. The deducbiles for those "Silver Plans" are $9K/$18K as well. (our COBRA is $1K/$2K). So yes, you pay a fortune for basic insurance that sucks. [/quote]
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