Near retirement - health insurance
Just wondering how you manage health insurance while traveling nationally if not subsidized by Medicare, Medicaid or a retirement system (such as government employee, teacher, military etc).
Forum Discussion
dahkota wrote:
We are just now establishing domicile in Florida. We are waiting for our bank to send us a statement so we can get driver's licenses. We got our address through Good Sam Mail Service in Crestview. Currently, our motorhome is registered in Florida.
We are fulltimers - have been for 6 months. Florida has no income tax and rv tags are fairly cheap, depending on what they were in your previous state. We are coming from a fairly high tax state (Maryland) so Florida seems very cheap to us.
We will be paying about $1200 more per year for health insurance but saving about $3500 a year in income tax. Car/motorhome insurance is about 2/3s of what it is in our area of Maryland (DC suburbs) so we will save another $600 there.
We really wanted to declare residency in South Dakota - it is so easy! But, once we crunched the numbers, we would actually pay more for adequate health insurance than we would save in taxes. Nevada and Texas were about a wash - there was a little profit in getting residency there but it was offset by other issues such as vehicle registration or inspection. Tennessee was definitely the best state over all, but they make it difficult to get residency and it wasn't worth the hassle.
So, at this point you pay $600/month or $7200/year for health insurance? This is a silver plan form BCBS? For us, we're planning on $700/per month for a Bronze plan. We need to look around at SD, Texas, and FLA for completive plans and cost over the next few months. Out of pocket plus deductibles will also play a roll in the decision, but keeping an emergency fund for this will help.
