The cost for healthcare insurance has gone up each year. In 2027, without subsidies a family of 2 will pay an average monthly premium of $2800 to $3000 per month with high deductible. I am considering not to buy healthcare insurance, pay cash for the service. The other option is to move to another country to live, low cost of living, $2500 a year for healthcare insurance.
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Come on now got a pony up for everybody who doesn't want to get a job to your part
@139
I met with ACA agent yesterday, and I was quoted $201/mo for a plan covering myself and college daughter. It's a Priority Health high deductible plan, and spouse is on Medicare. This is for HH of 3 with MAGI staying at $70K or lower. Income can be $80K with a $10K contribution to HSA. We plan to make this work for our family.
ACA is only cheap if you have an annual income of about $30k for 1 person.
If you retired before age of 65, then you will be paying $30,000 per year for healthcare premiums. Remember that is your after taxed money. Be prepared to withdraw from your retirement funds.
Ok, my 2nd post was deleted. Maybe it was because I mentioned a website -I don't know. This time, I will not mention names or websites! lol. I will try one more time...
Before deciding to go completely without any healthcare coverage, it might be worth researching alternatives to traditional ACA insurance.
There are medical cost-sharing programs available that can have significantly lower monthly costs. They aren't traditional health insurance, and it's important to carefully understand their limitations and what expenses may or may not be covered, but they may be worth researching as another option. Google Medical Cost Sharing Programs.
@j4 You all are required to join the regime or you will be beheaded.
I plan to look for a high deductible plan on the ACA and keep my MAGI low enough to qualify for subsidies, living mainly off savings because I have planned well. I have a meeting with an ACA agent next week, and hope we can find something that works for a reasonable price. I'll report back after I get some quotes.
@f3 most people here are salaried not UAW and do not get that healthcare, so who cares.
Just wait until you get, and pay taxes to cover, Medicare for All instead of UAW Cadillac healthcare insurance.
To qualify for ACA, your income cannot be more than $86k before tax. Deductible starts at $5000 to $8000 per person depending on the plan you pick.
What MAGI is assumed for a family of 2 with those monthly premiums, and how much is the high deductible?