Health insurance ??!!??
Hello all, MY wife and I are down to about 6 months till she retires. We are working on the details now. But I almost fell to the floor when I heard what it is going to cost in health insurance. Th...
Forum Discussion
powderman426 wrote:Without giving an opinion as to right or wrong, if the information the OP stated was correct (premiums were going to be 50% of income), they are almost assured of getting substantial subsidies from the ACA. Big question is how much their income is going to drop by retiring. If they are currently making a much greater income, that is why their quote is so high, they are getting quoted the true cost of the plan. When they enter their new income estimates for 2015, they will get a much reduced premium quote, if in fact that estimated income is around $3200 per month. However there are lots of factors to consider. Is that $3200 gross or net income? If it is net, how many non-qualifying deductions are being withheld? Do they have other income they are not factoring in to that $3200 income? Are they eligible for ACA (i.e. age qualified, no employer paid insurance available etc.). Lots more research needs to be done by the OP, they will find better prices.
Six months will get you down to open enrollment on the ACA. Have you gone there to get a price? Please don't listen to what people say as there are too many political views given. Go straight to the source and get the correct answer.
