How much do YOU think YOU need to retire? ...and at what age will you (and spouse) retire? (Part 1)

<p>The averages dont help notrichenough. He is fixated on North Carolina for some reason. </p>

<p>There are also some areas where rates are dropping. </p>

<p>My premiums are going up 13 percent in 2015. Part of it is aging. Anthem underpriced their plans. Now the top three insurers have similar prices where I live. </p>

<p>We are paying over $30,000 this year in health care costs. ( My wife needs cataract surgery). My friends on medicare are paying a fraction of what we are paying. </p>

<p>My 80 year old folks pay a fraction of what we pay in health care costs. </p>

<p>30K? Thatā€™s terrible, even with the surgery. I canā€™t imagine.</p>

<p>I am not too happy about it. Hopefully next year our medical costs will drop. My wife said she is out of warranty. :)</p>

<p>All of us just need to ā€˜hang onā€™. Until your rates come out on health insurance, no need to ā€˜borrow troubleā€™ although it probably would be good to start thinking about how one would re-juggle the budget accordingly. Add to the sure things - death, taxes, and insurance companies keeping afloat and profitable.</p>

<p>Getting a little more job prospect activity going. Thankfully not desperate for the money and have a pretty strong set of marketable skills/education. Just is a little tough re-entering job market after long gap.</p>

<p>We held onto a company plan for 2 years when DH retired from a previous employer. Premiums were more than our mortgage. But it was a fabulous plan at the time: $250 deductible 90/10 coverage for in network, 80/20 for OON. One of those 2 years DH broke his leg/ankle and had 2 surgeries. Insurance paid for itself in spades. The other year, we paid through the nose and had little use of it. </p>

<p>

Iā€™m not fixated on anything, itā€™s just an article.</p>

<p>I donā€™t see why averages arenā€™t helpful. It provides a picture of the system as a whole, and how well costs are being contained, which was one of the main points of ACA.</p>

<p>I think you need to research a little bit before you come to conclusions. Saying you are aware of only one state coming out with 2015 ratesā€¦ </p>

<p>There are plenty of health insurance threads; although, there are better places to get infoā€¦</p>

<p>" well costs are being contained, which was one of the main points of ACA."
-Unfortunately ever so true. The main reasons for the costs to go up has been a longer life expectancy. Just think about how to make sure that costs are downā€¦got itā€¦that worries me the most, makes us think ā€œoutside the boxā€ lots and lots, by the
ā€œoutside the boxā€ , I mean outside of the USA where the best healthcare system is not going to be some peopleā€™s option at allā€¦not in a picture for themā€¦and those are the ones that needs it the mostā€¦</p>

<p>So I checked with my sister and she pays $95/month instead of $600/month she would have to pay. She has preexisting condition. She said 90% received subsidies if income is lower than $46K. She has BlueShield PPO. She uses the insurance to see the doctors now and she pays $15 copay. So that is very reasonable. I mean my husband and I pay more than $300/month plus we pay $35 for copay. </p>

<p>I was relieved last year when our company BlueCross/BlueShield was relatively unchanged in pricing. Hoping for the same again this year.</p>

<p>I think mine went up $7 either a paycheck or a month.
One thing I think I will miss when I retire is the contribution to 401K. Just heard on the news that next year 2015, the limit goes up to $18,000 and $6,000 for over 50 catch-up contribution. Yay, I have one more year to take advantage of this tax avoidance.</p>

<p>Weā€™re not doing the over 50 catchup. Probably should, but weā€™re trying to pay down debt as sooner or later rates will go up</p>

<p>Iā€™ve been doing ever since Iā€™m allowed and so is my husband.</p>

<p>I wish I could understand half of what you are talking about.</p>

<p>This article
<a href=ā€œhttp://www.forbes.com/sites/ashleaebeling/2014/10/23/irs-announces-2015-retirement-plan-contribution-limits-for-401ks-and-more/ā€>http://www.forbes.com/sites/ashleaebeling/2014/10/23/irs-announces-2015-retirement-plan-contribution-limits-for-401ks-and-more/&lt;/a&gt;&lt;/p&gt;

<p>My company just eliminated our 401k matching because of financial reasons. In order to do that though, we had to stop making any personal contributions, because you canā€™t legally make a change like that during the year.</p>

<p>The joys of a startupā€¦</p>

<p>We pay 2600 per year and $15 for non - specialist visits, $25 for a specialist, a three tier prescription medication cost = 15, 25, 50 for three month supplies and a $50 deductible for ER and surgery. This is a combined medical and dental plan.</p>

<p>Thanks for the link. Sent it to DH.</p>

<p>DocT, can I sign up for your plan? </p>

<p>DotT, that is a very good plan. Does it cover oversea?</p>