Yammer Dan Posted September 10, 2009 Share #1 Posted September 10, 2009 I know. I said that word but need some advice on this. If I retire I get a Medicaid Card or whatever it is from Social Security. Problem is Warden is 12 yrs younger than I am. It is going to cost me $537.00 a month to keep my health Insurance. It is very good insurance. I have to keep it on me and her to be able to keep it into retirement. I just need to cover her. Does this sound as high as I think it does?? I know people are paying a lot more I just don't have any idea how to shop for something like this. Getting rid of the Warden is NOT A OPTION!!! Link to comment Share on other sites More sharing options...
Grindo Posted September 10, 2009 Share #2 Posted September 10, 2009 that's actually a very good rate. If you were to try to shop for a new carrier at your tender years it would be much higher. Also, your ability to find injuries may hurt you as well, so to speak Link to comment Share on other sites More sharing options...
Freebird Posted September 10, 2009 Share #3 Posted September 10, 2009 To be honest, it sounds cheap to me. I was self-employed for one year about 10 years ago and I paid about $1200.00 per month for myself, wife and son. Link to comment Share on other sites More sharing options...
PBJ Posted September 10, 2009 Share #4 Posted September 10, 2009 Dan the answer really depends on your age. Even if your retired medicaid doesn't start until the age of 62 or 65. If you have company coverage its should still be in place. But I assume that the question means you don't . You should ask your medical health provider what their policy is. Or ask a medicaid provider.( Okay people stick to answering the question no poli sci comments) the moderators are Watching! Link to comment Share on other sites More sharing options...
Jerry W Posted September 10, 2009 Share #5 Posted September 10, 2009 You going to get Medicade or Medicare? Medicare does not kick in until you are 65. However, back to your origional question, that is a very good rate if you have decent coverage. Link to comment Share on other sites More sharing options...
LilBeaver Posted September 10, 2009 Share #6 Posted September 10, 2009 You can always have a chat with a rep from the insurance company to see what other types of coverage (or options you have) they offer, explaining your situation and whatnot - you never know, they may be able to work with you on it and make adjustments as necessary. Link to comment Share on other sites More sharing options...
Moped Posted September 10, 2009 Share #7 Posted September 10, 2009 Dan, sounds like a good deal you have. Keep in mind you will pay for the Medicare for you and any supplement you choose which could be almost be half of your retirement plan. Don't know your wife's health but any single plan you would get for her will have a much higher deductable and copay also since you say you have a good policy. Office visits and drug cost for her would also be much more. Link to comment Share on other sites More sharing options...
Yammer Dan Posted September 10, 2009 Author Share #8 Posted September 10, 2009 I've been paying 120 a month for a long time with the company picking up the rest. Didn't relize how good I had it. Link to comment Share on other sites More sharing options...
BuddyRich Posted September 10, 2009 Share #9 Posted September 10, 2009 Neither one of you is gettin any younger. And the older we get the more it cost (they think we have lots of money stashed somewhere). I would probably get it. Link to comment Share on other sites More sharing options...
Dano Posted September 10, 2009 Share #10 Posted September 10, 2009 I've been paying 120 a month for a long time with the company picking up the rest. Didn't relize how good I had it. I was paying that a WEEK at my previous employer for the wife and kids. Link to comment Share on other sites More sharing options...
Sideoftheroad Posted September 10, 2009 Share #11 Posted September 10, 2009 You can always have a chat with a rep from the insurance company to see what other types of coverage (or options you have) they offer, explaining your situation and whatnot - you never know, they may be able to work with you on it and make adjustments as necessary. Agree and also get a copy of your policy if you do not have one. It will tell you what is and is not covered. Might be something for the same cost that covers more (even at your age). There are insurance agents that represent one company or many different companies. I suggest finding one that uses different companies to get as much info. as you can. Link to comment Share on other sites More sharing options...
Condor Posted September 10, 2009 Share #12 Posted September 10, 2009 You can retire at 62 but Medicare is not available until your turn 65. When we... my wife and I are the same age... went on Medicare we took out suplimental with the same HMO. The premiums dropped from $925 per month for just the wife and me to $150 for both of us. I not sure how it works when there's a 12 year age difference, but I suspect your work insurance might offer a main insured suplimental with full coverage on your wife... Link to comment Share on other sites More sharing options...
Yammer Dan Posted September 10, 2009 Author Share #13 Posted September 10, 2009 Sounds like I have some checking to do. My retirement is medical with the leg. Sailed thru Social security without a glitch. My State retirement (worked for state) is dragging their feet but don't see any problems with it they are just slow. I get out of the ratrace a couple yrs early if I can take care of the medical. Hate to retire and have to go back to work. Link to comment Share on other sites More sharing options...
FROG MAN Posted September 10, 2009 Share #14 Posted September 10, 2009 $120 a month? I pay $100 a week for 70/30 coverage with a $7500 deductible.I could buy a second gen with the money saved with your rate. I would go for it. Link to comment Share on other sites More sharing options...
Pic Posted September 10, 2009 Share #15 Posted September 10, 2009 I am not close to retiring, but my estimate for coverage on me alone for my company insurance is almost $800 a month. There have been a lot of folks here working longer and not retiring just because of that. Link to comment Share on other sites More sharing options...
Yammer Dan Posted September 10, 2009 Author Share #16 Posted September 10, 2009 Guess I didn't know how good I got it. It is a big chunk of the retirement check. My place didn't advise me of my options like they were supposed to. With last couple of years insurance may not want me but I think they have to let me keep it. Link to comment Share on other sites More sharing options...
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