Health insurance for youngsters
My husband and I are getting ready for our full timing lifestyle. We are 57 and 52, what are others in this age group finding for affordable health insurance?
Forum Discussion
dahkota wrote:
Maintaining our current insurance through COBRA is much more expensive then going to the marketplace for the exact same plan. People who think the cost of insurance is going to skyrocket don't realize how much their employer is currently paying for their insurance (which shouldn't change under ACA).
Our COBRA payment is $873 a month for both of us. Since we can't get insurance on the "open" market we would have to get a state plan which would be roughly $1,200 each. So in some cases it is the lowest cost, only option available. However, I totally agree that most people would be shocked if they knew how much their companies are paying on their behalf.
I don't believe for a minute that group or employer based insurance plans won't see their costs go up due to the ACA. Employer plans will have to meet new minimum coverage requirements which will drive costs up.
We have been converting as many of our prescriptions to $4 generics.
