Retirees, how and how much do you pay for health insurance?

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an_asker
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Retirees, how and how much do you pay for health insurance?

Post by an_asker » Thu Oct 05, 2017 10:15 am

It just struck me that I have never had a good feel for how much health insurance costs in retirement. I have vaguely heard of Medicare, Medicaid, etc, but don't know how those impact the health insurance premiums. So, let me ask these questions for retirees:

- how do you pay for health insurance? In other words, do you have means set up to pay the premiums from sources (HSA etc) other than your taxable post retirement "earnings" (distribution from IRA or 401(k), pension etc)?

- how much do you pay for health insurance? Is this for one person or two (with spouse)?

- how much does the health insurance typically change year over year? Do you have to shop for it every year?

- just like a traffic ticket impacts car insurance, does poor health a year impact the premiums paid the next year(s)?

- how/where to Medicare/Medicaid come into the picture? Do they help lower the health insurance premiums and/or keep them low?

Thanks!!

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Pajamas
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Re: Retirees, how and how much do you pay for health insurance?

Post by Pajamas » Thu Oct 05, 2017 10:20 am

There have been many threads about this that you might get some useful information from:

https://www.google.com/search?sitesearc ... ce+retiree

There are also some wiki articles:

https://www.bogleheads.org/wiki/Categor ... _insurance

Here are some basics on Medicare and Medicaid:

https://www.hhs.gov/answers/medicare-an ... index.html

If you retire before you are eligible for Medicare, health coverage is perhaps the biggest unknown when it comes to expenses, especially right now.

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midareff
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Re: Retirees, how and how much do you pay for health insurance?

Post by midareff » Thu Oct 05, 2017 10:39 am

Here you go... I'll be 70 in December and wife is 54. I pay Medicare $112 a month for me (2017 rate) and AARP United Plan F will be $286.37 a month (2018 which is a $25 raise) and will pay $82.40 a month for drugs which is up $10 from the 2017 rate. I pay my former employer $514 a month for my wife's 2017 coverage, which will go up probably $30 or $40 a month for 2018, and is roughly equivalent to mine. She has small co-pays and better drug coverage so all in all about the same. To that I set aside about $100 a month for dental expenses, $125 for various prescriptions and $40 a month for glasses. All in all we are talking $1300 - $1350 a month for 2.

Yes, it's expensive but a major problem with surgery would be covered 100%, which is very important to a retiree, at least to me.

My Medicare is direct pay from my SS check, my wife's coverage is a deduct from my pension check, AARP coverage bills my checking account monthly and other stuff is out of pocket as it occurs.

Hope it helps.

Edit note: Here in Miami virtually every doctor and specialist takes our coverage's including several renowned sports team physician's and advisors. OTOH, many we see have plainly posted signs that say if you bought your insurance on the exchanges we don't accept it here. Checking what your doctor's take or don't is important.
Last edited by midareff on Thu Oct 05, 2017 11:13 am, edited 1 time in total.

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KlingKlang
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Re: Retirees, how and how much do you pay for health insurance?

Post by KlingKlang » Thu Oct 05, 2017 10:54 am

Self 62, wife 63. ACA silver plan coverage is $759.27/month for the two of us. $500 deductible/year for each, I meet that in January but my wife never meets hers. Everything paid for from after tax savings.

We need to go to Healthcare.gov every November 1st to renew or change coverage. Monthly increase for 2017 was $213.24 from 2016, odds are almost certain that there will be another substantial increase for 2018.

Age, location, and smoking affect ACA premiums but not health history.

Will have to start doing my Medicare homework for my wife's coverage starting next year.

Ruger
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Re: Retirees, how and how much do you pay for health insurance?

Post by Ruger » Thu Oct 05, 2017 11:18 am

I pay $355 a month for a Silver Plan through ACA. Fortunately I am healthy and other than annual stuff (which is covered in full) I haven't had to use it.
Just notified my plan is changing in January and premium going up to $469. I'll move onto Medicare in two years and will evaluate what coverage I'll need when I get closer to turning 65.

blmarsha123
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Re: Retirees, how and how much do you pay for health insurance?

Post by blmarsha123 » Thu Oct 05, 2017 3:02 pm

66/64 ... all health care expenses paid after tax.

Monthly ...

66 ... 134.00 for Medicare, 141.00 for AARP/UHC "F" and 17.00 for Humana drug plan. Employee reimburses approx. 190.00 resulting in approx. 100.00 per month. Except for a single drug (approx. 4.00 four times a year), no other OOP expenses (so far).

64 ... 707.00 for Kaiser HMO co-insurance (NOT traditional HMO) including drug coverage. 2000.00 OOP, which was exceeded in 2016, and probably will be exceeded in 2017. Also, additional OOP expenses not covered under the OOP maximum, if that makes sense. Crappy plan, but believe it or not, the cheapest plan offered.

... so just for medical, in 2017 so far, we are averaging almost 1000.00 a month.

Then there is dental ... Figure 100.00 twice a year (each) for routine care and cleaning. Also, this year, 66 had two implants (approx. 11000.00).

Then there is eye ... This year, 64 had to go outside of Kaiser to get adequate eye care (glaucoma, macular degeneration), so all OOP.

Then there is hearing ... So far, all covered (routine visits and testing) by plans. If 66 needs hearing aids, then probably Costco (5000.00?)

Looking forward to 8/18 when 64 becomes 65 and can drop Kaiser like the rotten potato that it is and join 66 in a reasonable health plan, reducing monthly by some 500.00 or more.

jebmke
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Re: Retirees, how and how much do you pay for health insurance?

Post by jebmke » Thu Oct 05, 2017 3:08 pm

For the insurance only we are at about $900 for retiree medical (including the deductible) for two adults. When we are both on Medicare it will probably be closer to $700.

Uninsured stuff can mount up but it tends to be lumpy.
When you discover that you are riding a dead horse, the best strategy is to dismount.

likegarden
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Re: Retirees, how and how much do you pay for health insurance?

Post by likegarden » Thu Oct 05, 2017 3:53 pm

We are both over 70 and have an HMO plan from the largest local insurance company. We live in a medium cost of living area in the inner Northeast. My doctor told me that he has the same medical insurance coverage I have. He says that all doctors in the area are part of this plan, and we have 3 very good hospitals. My former employer pays $1000 per year for each of us two to be used for medical expenses like insurance premiums. We pay Medicare B which is $112 per month for each of us. For all medical expenses we pay the insurer a premium of $124 per month per person. We do not get bills from doctors and hospitals because we are in an HMO. (Others in my lunch group pay surprisingly only $20/ month/ person!). This includes drug coverage and a small coverage for dental, vision and hearing aid. Medicare was paying for my cataract eye surgery in full, and since then I only wear reading glasses at $ 2.50 each. Since I have a lot of crowns, I have a dental insurance at about $600/year. My wife has good teeth, does not need dental insurance.

So, our medical insurance premiums are $124+112 per month for each, my former employer pays each of us $1,000 per year, and we pay then $1832 per year each. This might be on the low side comparing to other posters. But for Long Term Care insurance we pay $6,000 per year for both of us together, is probably so high because we have insurance only since 15 years ago.
Last edited by likegarden on Thu Oct 05, 2017 4:07 pm, edited 1 time in total.

MikeG62
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Re: Retirees, how and how much do you pay for health insurance?

Post by MikeG62 » Thu Oct 05, 2017 4:02 pm

Retired last year at 53 (DW also retired). We elected COBRA for the rest of 2016.

For 2017, we are purchasing insurance directly from BC/BS (same exact package as available under the ACA). We elected the silver plan and the monthly premium is $1,270 (for the both of us). We buy vision coverage though VSP at ~$30 per month. We budget $400 per month for all health care OOP's (inclusive of dental, which we self insure), but actuals are running closer to $300.

I pay from taxable savings accounts (like all my other bills).

Yooper16
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Re: Retirees, how and how much do you pay for health insurance?

Post by Yooper16 » Thu Oct 05, 2017 5:19 pm

Looks like our 2018 plan, self plus one, increased $12.52 for our part, to $325. and some change. Its run by Etna/Coventry for the National Rural Letter Carriers and part of the Federal Health benefits.

About the only major change I can see is the out of network, out of pocket, went up considerably for self plus one or self plus family.

Stays at $700 in network deductible and the in network outta pocket stayed the same a $4500 for self plus one.

Funny thing, when the put together self plus one a couple of years ago, they expected the rate to be noticeably less expensive than the family plan. Its only a few dollars.

The $12 monthly is the biggest increase in the last 4 years maybe longer. We've been very fortunate.

Spirit Rider
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Re: Retirees, how and how much do you pay for health insurance?

Post by Spirit Rider » Thu Oct 05, 2017 6:26 pm

For comparison purposes:

You can not really judge ACA premiums unless you also include the amount of subsidy and important information such as plan, deductible, co-pay/co-ins and max OOP. For example, my ACA premium is $54.39 + $535.00 subsidy for a true premium of $589.39 for a Silver 94% cost share plan with $250 deductible, no prescription co-insurance, regular co-insurance of 10% and max OOP $600.

Likewise, you can not really judge Medicare Part B premiums unless you include any IRMAA amounts and Part D premiums unless you include any IRMAA amounts, deductible and co-pays/co-insurance. Then of course there is the whole donut hole mess.

dbr
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Re: Retirees, how and how much do you pay for health insurance?

Post by dbr » Fri Oct 06, 2017 7:47 am

FWIW you might set $10,000 per year for a healthy couple for total health care costs once under Medicare/Medigap. I would think half that to twice that would be a range of variability to consider.

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Sheepdog
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Re: Retirees, how and how much do you pay for health insurance?

Post by Sheepdog » Fri Oct 06, 2017 8:32 am

We are a retired couple, ages 83 and 76 at the end of 2016. I can give you our costs above insurance.
Our out of pocket medical expenses for the last 7 years are listed in each category are:
(First amount shown is for 2010, followed by 2011, 2012, 2013, 2014, 2015, 2016}

Medical insurance premiums [Medicare ('paid from SS deduction), Medigap, Part D prescription and Medicare Advantage plans (Advantage plans for me in 2014-16 and spouse 2016): $6830, $7033, $8037, $8943, $6436, $6436, $4135

Dentist (uninsured): $220, $2962, $2977, $1576, $2500, $2981,$413

Physicians: $1583, $162, $66, $111, $296, $464, $725

Prescription Medicines: $685, $808, $62, $140, $279, $426, $1293

Misc (eyes, lab, hearing, chiropractor) mostly uninsured $532, $2545, $248, $2577, $0, $1107, $1276

Hospital and surgical $0, $906, $0, $0, $0, $424, $0

TOTAL OUT OF POCKET MEDICAL EXPENSES FOR THIS RETIRED COUPLE: 2010 $9,850, 2011 $14,416, 2012 $11,290, 2013 $13,347, 2014 $9,511, 2015 $11,838, 2016 $7,842


COMMENTS: Medigap insurance premiums increase dramatically as you age past 74 or so. I purchased a Medicare Advantage plan (Anthem BC/BS for me only in 2014.. My wife remained with Medicare and Medigap until 2016 when she also purchased a Humana Advantage plan.) You can see the resulting lower insurance costs starting in 2014, It is saving me alone over $2000 per year. When my wife decided to go to an Advantage plan for 2016, she had similar savings.

Dental costs are uninsured.

Hearing aids (uninsured) for me started in 2011. I have purchased two (in 2011 and 2013) at a cost of over $2000 each. In 2017 I added extra hearing insurance to my Advantage Plan (not expensive) I obtained with no copay 2 hearing aids costing the insurance company $3000 and a years worth of batteries.

Most of our medications had been generic until 2016 when my wife had to purchase 2 expensive name brands. Already in 2017, our Out OF POCKET drug expenditure is over $3000.
Last edited by Sheepdog on Fri Oct 06, 2017 8:57 am, edited 1 time in total.
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Skidoo800
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Re: Retirees, how and how much do you pay for health insurance?

Post by Skidoo800 » Fri Oct 06, 2017 8:54 am

My wife and I are both 63. We pay $797 each per month for a total of $1594 month. $19128 year.
The plans are $6500 deductible.
In six years of retirement the cost has doubled.

Magruder
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Re: Retirees, how and how much do you pay for health insurance?

Post by Magruder » Fri Oct 06, 2017 8:57 am

Here's a bargain! Ages 75 & 73. We buy Anthem BC/BS Supplement Plan F High Deductible here in NH. $116.88 per month for both of us totaling $1,402 per year. Additionally, we get a rebate each year of premiums that exceed allowable limits under the ACA - insurers must spend at least 80% of the premiums collected on actual medical expenses for each group. For the last four years, we've gotten back $237, $521, $501, and $865 of the $1,402!

Yes, each of us MIGHT have to pay up to $2,200 per year in deductibles with the High Deductible Plan F, but we have yet to come any where near that amount. First dollar coverage with Plan F does not come cheap! Had we chosen Plan F back in 2013, the premiums for both of us would have been $422 per month or $5,071 per year! Don't know what the rebate would have been if any, but I know friends with Anthem's Plan F that have not gotten any rebates. Choice at the time was to pay an additional $3,670 per year for Plan F or chance exposure to as much as $4,400 in deductibles per year. So far so good!

Total deductibles paid 2013 thru 2017 to date: $5,245.

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Toons
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Re: Retirees, how and how much do you pay for health insurance?

Post by Toons » Fri Oct 06, 2017 8:59 am

Monthly :happy
Medicare. B 108.00
Supplemental G 120.11
Prescription 11.00
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee

carolinaman
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Re: Retirees, how and how much do you pay for health insurance?

Post by carolinaman » Fri Oct 06, 2017 9:12 am

Me, age 73, retired: I pay Medicare Part B $112 per month, previous employer provides Medicare supplement and drug coverage at no cost to me except small co-pays.
Wife, age 74: Medicare B $112 month, Medicare Plan F $222 month, Part D $29 month.

Total = $446 month, $5,352 annually.

We pay as we go for vision, dental. Dental can get expensive for seniors. In a good year, we pay between $1k and $2k for dental. Oh, and I am on my 3rd set of hearing aids, Costco cost was $1,700 which should last 5 to 7 years.

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FrugalInvestor
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Re: Retirees, how and how much do you pay for health insurance?

Post by FrugalInvestor » Fri Oct 06, 2017 9:19 am

an_asker wrote:
Thu Oct 05, 2017 10:15 am
It just struck me that I have never had a good feel for how much health insurance costs in retirement. I have vaguely heard of Medicare, Medicaid, etc, but don't know how those impact the health insurance premiums. So, let me ask these questions for retirees:

- how do you pay for health insurance? In other words, do you have means set up to pay the premiums from sources (HSA etc) other than your taxable post retirement "earnings" (distribution from IRA or 401(k), pension etc)?

We have always paid premiums from our normal budget which is funded primarily by dividends and taxable account withdrawals in early retirement. We have no other sources of income (i.e. pension).

- how much do you pay for health insurance? Is this for one person or two (with spouse)

Prior to ACA we paid about $600/month for the two of us. In early years of ACA we had a choice of good plans and that dropped (with subsidy) to about $400/month. It would have been $900 without subsidy. The first half of this year (prior to my going on Medicare) we had very limited choices of plans and paid $1100/month (one of us subsidized, one not). Without my subsidy we would have paid about $1700/month. Next year my wife has one very poor choice on the marketplace (extremely limited HMO network) and she will pay about $1,000/month. My traditional Medicare along with a good medical supplement (plan 'G') and basic drug plan (I take no prescription medications) costs me $267/month. So in 2018 we'll be around $1300/month with one of us on an ACA plan and the other on Medicare.

- how much does the health insurance typically change year over year? Do you have to shop for it every year?

For the last 5+ years our private plans have been cancelled by the carrier at the end of each year so we've had to shop every year. That continues for my wife. Being on Medicare I will likely only 'shop' for my drug plan each year and then only if I experience a significant health change.

- just like a traffic ticket impacts car insurance, does poor health a year impact the premiums paid the next year(s)?

ACA compliant plans cannot take into account pre-existing conditions (no underwriting) whether sold on or off the marketplace. However, there are short-term medical plans that do not comply with ACA and have lots of limitations including being subject to underwriting/pre-existing conditions.


- how/where to Medicare/Medicaid come into the picture? Do they help lower the health insurance premiums and/or keep them low?

Medicare certainly does that and provides excellent coverage particularly if a traditional plan is chosen (vs. Medicare Advantage). Many are very pleased with their Advantage plans as well. I have no experience with Medicaid but do know that it's subject to some pretty limited income requirements.

Thanks!!
IGNORE the noise! | Our life is frittered away by detail... simplify, simplify. - Henry David Thoreau

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dwickenh
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Re: Retirees, how and how much do you pay for health insurance?

Post by dwickenh » Fri Oct 06, 2017 9:22 am

Currently on my company retirement plan at 872.00 per month for me(going to 945.00 for 2018) and my wife is on a Cobra from my work plan at 667.00 per month(last month of cobra is Dec 2017). I will be entering the ACA marketplace for 2018 as my income is in the "sweet spot" for subsidies and cost sharing. My wife has been in treatment for most of the last 3 years and I am yearly physical only so far. Additional costs have been 50.00 per month OOP for prescriptions, 1250.00 for deductible and OOP max for my wife. I pay 25.10 for retirement dental coverage. My insurance has been a godsend to us, and I am grateful to my employer.

Dan
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retire57
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Re: Retirees, how and how much do you pay for health insurance?

Post by retire57 » Fri Oct 06, 2017 9:46 am

We pay just under $1K/month for a BC/BS plan carried over from employer. We are 59/63.

reisner
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Re: Retirees, how and how much do you pay for health insurance?

Post by reisner » Fri Oct 06, 2017 10:14 am

As a state employee I got a lousy salary but now get a great pension. Consequently, the state reimburses me for Medicare deductions from my SS and also provides a supplementary policy that covers the Medicare deductible and co-payments as well as all but a small co-pay for drugs. A complete knee replacement cost me a couple of bucks for a painkiller I never needed. $2000 every two years toward hearing aids. My wife, who will not be on Medicare for several years, is provided with Anthem that covers all but a $500 deductible and 10% co-pay, as well as the same coverage I have for drugs. Up to $2000 a year each for dental. We pay about $10 a month for mediocre vision coverage. Happy Days!

DrGoogle2017
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Re: Retirees, how and how much do you pay for health insurance?

Post by DrGoogle2017 » Fri Oct 06, 2017 10:17 am

About $360 for Federal BCBS for a family, plus about $80 for dental insurance, and $128 for Medicare part B. So about $500 for premium per month.

mhalley
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Re: Retirees, how and how much do you pay for health insurance?

Post by mhalley » Fri Oct 06, 2017 10:27 am

Wife and I both 62, no subsidy, non hsa compliant bronze plan, 6500 deductable, 2008 a month. I wanted an hsa compliant plan, but it was 2500 a month. Next year prices not known yet.

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BolderBoy
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Re: Retirees, how and how much do you pay for health insurance?

Post by BolderBoy » Fri Oct 06, 2017 6:37 pm

an_asker wrote:
Thu Oct 05, 2017 10:15 am
So, let me ask these questions for retirees:
Medicare C (includes A, B & D) is called, "Medicare Advantage". Mine is with Kaiser. $134/month Medicare premium + $48/month Kaiser "dues" with $3500/yr deductible (max OOP). For 2018, the deductible is going up to $5000 (max OOP).

Premiums & dues come directly out of my HSA account (not taking SS yet). When I start SS, the Medicare premiums will come out of SS and the Kaiser dues will continue to come out of the HSA.

One person.

Doesn't change a lot year-over-year.

Once enrolled in Medicare C, an individual's health status doesn't affect an individual's premiums. But it is insurance and the herd's status impacts the premiums for everyone. Medicare hasn't announced the premium changes for 2018 yet.
"Never underestimate one's capacity to overestimate one's abilities" - The Dunning-Kruger Effect

Bigbonds
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Re: Retirees, how and how much do you pay for health insurance?

Post by Bigbonds » Fri Oct 06, 2017 7:10 pm

41 wife 38. $1000 a year for a sliver plan in Colorado Springs. Deductiable is only $75 per person with 5 companies to choose from. We accomplish this by having no debt including a paid off house and using income manipulation to make it appear we earn/Roth convert 24k a year. Work the system or the system works you.

skierrex
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Re: Retirees, how and how much do you pay for health insurance?

Post by skierrex » Fri Oct 06, 2017 8:44 pm

Bigbonds,
do you buy directly from the ACA site, or do you use a broker?

Spirit Rider
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Re: Retirees, how and how much do you pay for health insurance?

Post by Spirit Rider » Fri Oct 06, 2017 9:27 pm

Bigbonds wrote:
Fri Oct 06, 2017 7:10 pm
41 wife 38. $1000 a year for a sliver plan in Colorado Springs. Deductiable is only $75 per person with 5 companies to choose from. We accomplish this by having no debt including a paid off house and using income manipulation to make it appear we earn/Roth convert 24k a year. Work the system or the system works you.
As I said earlier please include the subsidy amount. The gives us the real premium.

Ron
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Re: Retirees, how and how much do you pay for health insurance?

Post by Ron » Fri Oct 06, 2017 10:38 pm

Based upon 2017 premium costs for me/wife (both age 69):

AARP/UHC Plan "F": $152.92/month - each. $3670.08/year total.
My Aetna RX plan: $37.30/month. $447.60/year total.
Her Humana RX plan: $17.00/month. $204.00/year total.
My SS Part B premium: $134.00/month. $1608/year total.
Her SS Part B premium: $108.00/month. $1296/year total.

Total for all premiums: $7225.68/year.

That does not include any dental or vision costs, which can vary widely each year.

In addition, it does not include my drug co-pays, which (for example) will run around $3350 this year; around the same as in previous years. I always blow past the doughnut hole and get into catastrophic cost each year. My wife (luckily) only has a few generic prescriptions each year, each only for $2-3 each.

However, in our case it is not what it seems, since my company retiree medical HRA (Health Reimbursement Account) which covers both me/wife, along with my VA disability (which accounts for the high prescription co-pay expenses) covers almost all expenses with very little out of pocket. However, for planning purposes, the total premium costs (for two) is a good reference point for back of the envelope planning purposes, IMHO.

- Ron

chuckb84
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Re: Retirees, how and how much do you pay for health insurance?

Post by chuckb84 » Fri Oct 06, 2017 11:20 pm

Retired Fed with Federal BCBS that I kept after retiring. I'm 63, DW is 61, so no Medicare yet. Family plan for us and 2 children who are still (just barely) under age 26: $551/month. No dental, and no vision included in that.

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catdude
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Re: Retirees, how and how much do you pay for health insurance?

Post by catdude » Sat Oct 07, 2017 2:57 am

I'm 62 and single. I get coverage thru my former employer. They pay 70% of the premium and I pay 30%.

BCBS... ex-employer pays $384/mo., I pay $165

Caremark (prescription drugs)... ex-employer pays $122/mo., I pay $52

Dental... ex-employer pays $24/mo., I pay $10

(My co-pays for doctor visits and most prescription drugs are $10)

Total monthly ex-employer subsidy is $530; I pay $227. Total = $757

I consider myself a lucky dog!
catdude | | You know you're getting old when you start looking for a smaller house with a bigger medicine cabinet.

Bigbonds
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Re: Retirees, how and how much do you pay for health insurance?

Post by Bigbonds » Sat Oct 07, 2017 7:31 am

Spirit Rider wrote:
Fri Oct 06, 2017 9:27 pm
Bigbonds wrote:
Fri Oct 06, 2017 7:10 pm
41 wife 38. $1000 a year for a sliver plan in Colorado Springs. Deductiable is only $75 per person with 5 companies to choose from. We accomplish this by having no debt including a paid off house and using income manipulation to make it appear we earn/Roth convert 24k a year. Work the system or the system works you.
As I said earlier please include the subsidy amount. The gives us the real premium.
It's about $520 a month

Bigbonds
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Re: Retirees, how and how much do you pay for health insurance?

Post by Bigbonds » Sat Oct 07, 2017 7:35 am

skierrex wrote:
Fri Oct 06, 2017 8:44 pm
Bigbonds,
do you buy directly from the ACA site, or do you use a broker?
Directly from ACA. Wife and I have a paid off house, no debt, relatively minimalist and get by on $36000 to $40000 a year but by using income manipulation it looks like we only make $24,000 which keeps us right above Medicaid and getting all the benefits of the ACA silver plans. This year we have 5 insurance companies to choose from and 48 plans according to the website. :)

scrabbler1
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Re: Retirees, how and how much do you pay for health insurance?

Post by scrabbler1 » Sat Oct 07, 2017 9:47 am

I retired 9 years ago at age 45. My HI costs have varied a lot in those 9 years but have stabilized mostly since the ACA's exchange plans began in 2014. For 2017, I pay $444 a month which is net of a small subsidy. I was diagnosed with Type 2 Diabetes and some other health issues two years ago, so I have some OOP costs for doctors, diabetes testing equipment, and minor medical procedures (i.e. labs). Those cost maybe $800 per year, well under my annual deductible whose main purpose is to protect me from "the big one" such as a costly hospital visit like the one I had 2 years ago. I don't have dental but I had my costly work done before I lost that coverage at the end of 2008.

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John151
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Re: Retirees, how and how much do you pay for health insurance?

Post by John151 » Sat Oct 07, 2017 2:00 pm

I’m a retired state employee, and my retirement benefits include comprehensive health insurance with all premiums to be paid by the state. I only have to make modest co-pays.

Several years ago, the state tried to require state retirees to pay part of their premiums, but the state supreme court ruled that state retiree benefits are protected by the state constitution, and that they can’t be diminished or impaired. That’s the good news. The bad news is that the state has fallen millions of dollars behind in payments to my HMO, so how long my coverage will last is anybody’s guess.

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