Crippling insurance costs
Just got a quote back for supplementary travel insurance to stay at our little place in Texas for 4 months. Cannot afford to take it out but the consequences could be grave if we do not. Damned if we ...
Forum Discussion
pawatt wrote:her&I wrote:John&Joey wrote:
Just curious, what is so special about age "71"? Also is there other key ages you need to worry about when it comes to health insurance.
At age 71 the scale for premiums takes a drastic jump and continues to climb every year after. My wife turned 71 last November and her premium went from $6.75 per day to $9.36 per day and would go to $13.96 at age 76. Because of a pre-existing condition, my rate is 13.16 per day. For us to go to Texas for 180 days would cost $4053.50 cdn.
Only hope is a lottery win.
While that is a lot it is about 1/2 of what we paid before going on Medicare at age 65. Our health care cost is out of control but HMO CEO's seem to be doing quit well.
X2, and don't forget the drug companies and their CEO's. :M The Epipen is just the tip of the iceberg for the pigs at the trough.
I guess that must explain why I see so many young Canadian snowbirds (compared to US ones) but that all changes during what I call the second stage of retirement.
A good friend/neighbor will be turning 71 this year. I know he was in your Canadian military, so hopefully that will make a difference.
