Early Retirement - Health insurance ?

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Early Retirement - Health insurance ?


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Old 06-16-2018, 21:27   #1
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Default Early Retirement - Health insurance ?

I am US based and in my 50's.

Dreaming of the day I can retire.

I think I can make the math work EXCEPT for health insurance.

Anyone pulling this off?

Thanks in advance...

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Old 06-16-2018, 22:26   #2
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Anxiously awaiting responses to this. I'm 63 and would like to do it before 65, health insurance is my big concern. I flippantly asked my cardiologist if he could help me get disability and he just laughed.

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Old 06-16-2018, 22:45   #3
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We're not yet pulling it off. My wife and I are 5-6 years away from Medicare. I'm retired; she'd like to retire in the next couple of years. For now we're both covered under her insurance. But health insurance -- what it will look like, how much it will cost, etc. -- is the wild card in our retirement planning, especially given the (trying to be careful here) cowardly approach Washington is taking to making health insurance great again. By the time my wife actually clicks the retirement button at work I am hopeful we'll have a better sense of the landscape. We may have to postpone retirement or get another job that will cover us for the interim years.

I think people in our position will have to be a little creative. Right now all insurance pays for me is a semi-annual A1c -- which I get at my clinic's request. I'm charting my BG levels by testing daily so I know what the number is going to be; I don't need an A1c to tell me. I don't need meds for my T2 and I pay for my meter/strips/etc out of pocket. I get an eye exam every year because I work(ed) a lot with my eyes, but those rarely were covered by insurance anyway so it won't be a new expense for us. Or we'll drop to every 18 months or as needed. There are ways of locating meds and supplies on alternate marketplaces. There are income-based clinics and, in some places, you pay less if you can pay cash.

I guess I've always figured that having a chronic condition will cost me some money. If I had a bad back (I don't) and had to hire out household projects I could no longer do, well, c'est la vie, eh? If I have to pay for transportation because I no longer feel comfortable driving at night (at a certain age that's not even a diabetic complication), same thing. Don't do it, barter for what you can do, or pay to have it done for you.

I think the worst part right now is not having an idea of what the environment will look like, never mind what it might cost.

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Old 06-16-2018, 23:31   #4
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I am considering retiring in the next couple of years. I am currently 53. This concerns me as well but I have a very nice nest egg in my company 401K and I do not want to just sit at home so I plan to find something like a 'greeter' at target or a boxer or cashier at a supermarket. something where I can have health benefits. that would be my dream scenario.

Welcome to Walmart... have a nice day

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Old 06-16-2018, 23:36   #5
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Something is wrong. Around the world insulin is very cheap.

Yet, my insurance's retail price for Humalog Kwkpn U100 3ml 5's100U/ML, basically 1 box with 5 pens in it is $2,000!!!!

I am Thankful my co-pay is no where near that, but that scares me as I get older.

I get the Target/Walmart thing but I would prefer true retirement instead of getting bossed by a 18 year old.

I guess I'm living on Fantasy Island thinking it can happen.

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Old 06-17-2018, 00:02   #6
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Quote:
Originally Posted by baldeagle_t2 View Post
Something is wrong. Around the world insulin is very cheap.

Yet, my insurance's retail price for Humalog Kwkpn U100 3ml 5's100U/ML, basically 1 box with 5 pens in it is $2,000!!!!

I am Thankful my co-pay is no where near that, but that scares me as I get older.

I get the Target/Walmart thing but I would prefer true retirement instead of getting bossed by a 18 year old.

I guess I'm living on Fantasy Island thinking it can happen.
Personally I believe I have the funds to retire without needed to do a walmart type of job but I want to for 2 reasons. one is that I am not home laying in bed doing nothing getting old and two is that it will help me live the type of life I want to without much responsibility adn yes I would be bossed around by an 18 year old but the knowledge that I dont 'need' the job will go a long way to ignore him/her for the most part.

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Here are some good starting points to read

Blood Sugar 101 - VERY informative and accurate
http://www.diabetesforum.com/diabete...ng-method.html a tried and true testing method
https://www.dietdoctor.com/low-carb lists foods for LCHF

""You take the blue pill, the story ends. You wake up in your bed and believe whatever the doctors want you to believe. You take the red pill, you stay in Wonderland, and I show you how deep the rabbit hole goes." "
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Old 06-17-2018, 00:27   #7
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I'm looking at possible retirement in the next couple of years--well actually 14 months. Hope it works out, and I'm not opposed to a part time job at that point.

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Old 06-17-2018, 00:30   #8
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Quote:
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I'm looking at possible retirement in the next couple of years--well actually 14 months. Hope it works out, and I'm not opposed to a part time job at that point.
So how are you covering Health Insurance if you do not mind me asking?

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Old 06-17-2018, 00:32   #9
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So how are you covering Health Insurance if you do not mind me asking?
I have insurance with my current job, but will be eligible for Medicare in 14 months.

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Old 06-17-2018, 03:32   #10
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Quote:
Originally Posted by hftmrock View Post
Personally I believe I have the funds to retire without needed to do a walmart type of job but I want to for 2 reasons. one is that I am not home laying in bed doing nothing getting old and two is that it will help me live the type of life I want to without much responsibility
I am retired and have worked three partial days a week - doing volunteer work. One morning a week at a food pantry, two other days sorting and pricing at a thrift shop, I enjoy being useful, and at the same time, can pick my days and hours at the thrift store anyway.)
I benefit from getting out among a nice group of people.

I'm fortunate that our retirement income is enough so we don't have to earn extra money - our wants are few and we live frugally.

As far as medical insurance, we have a good supplemental along with Medicare.

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