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Joined: Aug 2006
Posts: 2,390
Campfire Regular
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OP
Campfire Regular
Joined: Aug 2006
Posts: 2,390 |
I am 62 and plan on semi retiring until I fully retire at 65. My main concern is what is available to purchase for health insurance until I reach 65. What do you use for health insurance plans if the company that you work for does not supply it?
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Joined: Jan 2019
Posts: 3,409
Campfire Tracker
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Campfire Tracker
Joined: Jan 2019
Posts: 3,409 |
Have a wife still working. or Call insurance broker, freak out over cost. then Give all your chit away and get on the gravy train like half the country.
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Joined: Dec 2005
Posts: 7,549
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2005
Posts: 7,549 |
Obamacare... remember... gonna be cheap, available everywhere..... if you like your doctor, keep your doctor.... what a fiasco.
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Joined: Nov 2013
Posts: 28,805 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Nov 2013
Posts: 28,805 Likes: 2 |
Dunno, but better find out before you pull the plug. You might find out it's better to keep working lest all your semi-retired pay goes for insurance. If you're healthy, look into a HSA. https://www.mayoclinic.org/healthy-...pth/health-savings-accounts/art-20044058Also, if you're planning on drawing your SS now, there's a limit on your earned income before you reach your full retirement age, which might be 67 or even more.
What fresh Hell is this?
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Joined: Feb 2007
Posts: 11,774
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2007
Posts: 11,774 |
Obamacare... remember... gonna be cheap, available everywhere..... if you like your doctor, keep your doctor.... what a fiasco.
I lost my policy after this circle jerk happened. What a lying ass hole he was/is. Was in same situation, retired pre 65 and had to buy insurance. Don’t recall the cost, but it was a lot, north of $1200 a month and that was seven years ago. I think what’s available varies by state. Better shop around and see what’s available.
NRA Patron
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Joined: Jan 2005
Posts: 1,978
Campfire Regular
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Campfire Regular
Joined: Jan 2005
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Obamacare... remember... gonna be cheap, available everywhere..... if you like your doctor, keep your doctor.... what a fiasco.
Funny thing about that only people on it that liked it hadn't used it.
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Joined: Jan 2008
Posts: 1,405
Campfire Regular
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Campfire Regular
Joined: Jan 2008
Posts: 1,405 |
Investigate COBRA benefit from employer. Might get you one year but you have to pay premiums. Dale06 is correct about monthly cost of over $1000 otherwise.
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Joined: Sep 2011
Posts: 60,856 Likes: 10
Campfire Kahuna
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Campfire Kahuna
Joined: Sep 2011
Posts: 60,856 Likes: 10 |
We were paying $1300 a month, Medicare sure helps. I don't think I'm sponging off the government, I payed 1500 in taxes when I was fifteen years old.
Good luck with it.
These premises insured by a Sheltie in Training ,--- and Cooey.o "May the Good Lord take a likin' to you"
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Joined: Dec 2008
Posts: 8,311
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2008
Posts: 8,311 |
I’m 53, I could retire if I could afford insurance. I need buy a duplex and rent it for enough cash flow just to pay for health insurance.
"Life is tough, even tougher if your stupid" John Wayne
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Joined: May 2015
Posts: 708
Campfire Regular
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Campfire Regular
Joined: May 2015
Posts: 708 |
Health insurance was never an issue when I retired as we have that dreaded social health care.
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Joined: May 2003
Posts: 16,971 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: May 2003
Posts: 16,971 Likes: 1 |
Cobra will be cheaper and let you continue you old insurance for a year.
After that if you are eligible for pension type retirement you might be able to buy into your companies insurance plan.
Past that you will have to go buy it yourself.
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Joined: Jun 2006
Posts: 10,497
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2006
Posts: 10,497 |
I "semi-retired" at age 58 until full retirement at age 66. Spent 8 years of "semi retirement" working 40 hours a week as a contractor reading gas & electric meters. Money wasn't great but It kept insurance on the wife & me. Good outdoor work with lots of walking also pays off health wise. Even with earning less money it was still better than buying health insurance and it kept me in good shape and was a pretty low stress deal all around. A gig like that is good if you can swing it physically. Lots of older folks pay money to exercise. For 8 years my employer paid me to exercise and I had health insurance, too.
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Joined: Jan 2006
Posts: 69,384 Likes: 3
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2006
Posts: 69,384 Likes: 3 |
Insurance is the #1 reason to keep working until 65. It's so danged expensive at that age. We had to cough up for my wife for 3 years.
“In a time of deceit telling the truth is a revolutionary act.” ― George Orwell
It's not over when you lose. It's over when you quit.
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Joined: Jan 2012
Posts: 67,121 Likes: 27
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2012
Posts: 67,121 Likes: 27 |
Come up with a feigned disability, get on soc security earlier and apply for medicare before 65
I know a guy at my church get soc security “because he falls asleep” calls it chronic fatigue syndrome. He doesn’t fall asleep launching his bass boat all by himself and fishing 3 to 4 days a week. He also doesnt fall asleep mowing the church and weed whacking the cemetery, that pays him $400 a month.
38-40 years old; living the dream
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Joined: Feb 2011
Posts: 5,856
Campfire Tracker
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Campfire Tracker
Joined: Feb 2011
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Investigate COBRA benefit from employer. Might get you one year but you have to pay premiums. Dale06 is correct about monthly cost of over $1000 otherwise. +1
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Joined: Dec 2002
Posts: 12,328
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2002
Posts: 12,328 |
There was a scam going around. Some doc was said to be easy on getting you the paperwork necessary for claiming full disability. All you had to do was go in and claim you'd been having thoughts of suicide. $600/month for life. There was only one catch as some folks found out: When you went to buy your next firearm, you'd be rejected. Somebody had forwarded your name to the BATF. That boiled a lot of guys' bunnies.
Me? KYHillChick and I tried to get on Obamacare in late 2016. The first month's premium was north of $5K. Luckily this was just to tide us over until my new employer's healthcare plan kicked in. I only was on it for 2 months.
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Joined: Jul 2020
Posts: 1,294
Campfire Regular
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Campfire Regular
Joined: Jul 2020
Posts: 1,294 |
my catastrophic health care plan is a 357
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Joined: Jan 2017
Posts: 8,906 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2017
Posts: 8,906 Likes: 2 |
Dunno, but better find out before you pull the plug. You might find out it's better to keep working lest all your semi-retired pay goes for insurance. If you're healthy, look into a HSA. https://www.mayoclinic.org/healthy-...pth/health-savings-accounts/art-20044058Also, if you're planning on drawing your SS now, there's a limit on your earned income before you reach your full retirement age, which might be 67 or even more. +10 you gotta know right where you are at before you pull the plug. Everyone here has made valid points. I retired at 65 and 2 months my full retirement age was 66 2 months so took a 1 year deduct from SS to retire early. Like every other single guy in the country that isn't rich you simply can 't go till 65 and can get your Medicare that you have paid for all your working life. You still have to pay for part B, G, D to be covered as good as you need. At the point 3 months in advance of your 65 th b-day you sign up for part A after that depending on your exit date you choose and sign up for the others. The only thing I would advise on the "G" supplement is you will have every dick insurance agent in the country trying to bend you over. All the "G" plans are the SAME but what you pay is different. You have to look at what they do to your premiums as you get to 75-80 some are cheap now and the get damn expensive later. Some cost a little more now and do not double later. Some of you guys can still hear birds sing, I can't hear [bleep]. Last thing in the world I need is to try to listen to some high pitched insurance bimbo with a foreign accent on the telephone who speaks at 500 words a minute and gusts to a 1000. Which is exactly why I paid 25 bucks more a month to buy blue cross/blue shield from my local agent where I get my vehicle and homeowners ins. So I can sit right there across the desk and talk to my agent to her face and not have to struggle to communicate my needs and get answers to my questions that I can hear and understand. Cost me right at 330 bucks a month $4000 a year for just me. Go to some retirement seminars and take someone with if you can't hear see where you are at. MB
" Cheapest velocity in the world comes from a long barrel and I sure do like them. MB "
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Joined: Apr 2020
Posts: 278
Campfire Member
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Campfire Member
Joined: Apr 2020
Posts: 278 |
You should try Medi-share- Phone is 866-963-9572. It is a Christian health care plan and the prices are certainly right.
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Joined: Feb 2011
Posts: 5,856
Campfire Tracker
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Campfire Tracker
Joined: Feb 2011
Posts: 5,856 |
You should try Medi-share- Phone is 866-963-9572. It is a Christian health care plan and the prices are certainly right. What's a "Christian health care plan"? Do you have to tithe back to them?
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