Exit Strategy - TOM IN ME (by Cheryl [NH]) Jun 11, 2008 4:57 AM|
Exit Strategy - TOM IN ME (by Laura [VA]) Jun 11, 2008 5:44 AM
Exit Strategy - TOM IN ME (by Echo [GA]) Jun 11, 2008 6:36 AM
Exit Strategy - TOM IN ME (by sid [MO]) Jun 11, 2008 7:10 AM
Exit Strategy - TOM IN ME (by OrEGone [OR]) Jun 11, 2008 7:43 AM
Exit Strategy - TOM IN ME (by shan [FL]) Jun 11, 2008 8:30 AM
Exit Strategy - TOM IN ME (by Tom [ME]) Jun 11, 2008 9:44 AM
Exit Strategy - TOM IN ME (by Lynda [TX]) Jun 13, 2008 10:57 AM
Exit Strategy - TOM IN ME (by Cheryl [NH]) Posted on: Jun 11, 2008 4:57 AM
State Specific Question About: NEW HAMPSHIRE (NH)
To Tom in ME - I read your response re: Exit Strategy.. I was curious as to what you will do for health insurance? My husband & I are thinking about a semi-retirement (he is 56).. But health insurance is an issue.. We are next door in NH. Thanks for your input.. --65.175.xxx.xx
Exit Strategy - TOM IN ME (by Laura [VA]) Posted on: Jun 11, 2008 5:44 AM
I'm not Tom in ME, but I can tell you what I've done: I went with our regional Blue Cross/Blue Sheild company and took a policy with a large ($1500) deductable. My routine office visits are only a $20 co-pay; big stuff is where the deductable kicks in. The rates are pretty reasonable.
When I was looking around for insurance, I kept running across NASE - the National Assoc. for the Self-Employed which offers what looks like a reasonable health insurance policy to it's members, but when I looked into this further I found HUGE numbers of complaints about them - so steer clear of that! --71.63.xx.xx
Exit Strategy - TOM IN ME (by Echo [GA]) Posted on: Jun 11, 2008 6:36 AM
I used to be in the NASE, We had complaints. --74.243.xx.xx
Exit Strategy - TOM IN ME (by sid [MO]) Posted on: Jun 11, 2008 7:10 AM
In the post from yesterday about chucking the day job, someone mentioned State Farm having a high deductible ($2500 yearly) policy the cost about $300 a month. Sounds pretty reasonable.
When I graduated college in May of 1999, I got a contract as a public school teacher that started the following August. No health insurance for 3 months since my parents' policy only covered me as long as I was a student. Since I am a member of the Lutheran Church Missouri Synod, I was able to purchase an inexpensive "catastrophic" policy thru Thrivent Financial for Lutherans with a $5000 deductible for 3 months, and I paid about $20 a month. Did I have $5000 in the bank? Nope, but the point is if you raise the deductible high you can get insurance for peanuts. I was also young then (22), in good physical shape (in the National Guard, we have yearly fitness tests to prove it), and was a short timer which reduced the company's risk so I got a nice discount. If I had to go to the hospital, I could have arranged payments that wouldn't have clobbered me with the entire $5K at once. And as you'll see in a minute, I have my own "self-insurance" way of minimizing chances of getting into a bad health scenario.
There are many ways to find discounts. Check with your church if you belong to see if they have a members only organization like Thrivent. Or check with AARP for recommendations. If you are/were military, try looking for the TriCare extended care policy.
And now, my "self-insurance". And above all, keep yourself in good health. Lose weight, exercise, stop smoking, do not drink excessively. Your own habits do more to keep you out of the hospital than most external factors. It's not a guarantee to stay out of the hospital, but it sure does help. --168.166.xx.xx
Exit Strategy - TOM IN ME (by OrEGone [OR]) Posted on: Jun 11, 2008 7:43 AM
If you go for a deductable over $2000, you can open a Health Savings Account at your bank and put $5000/year into it. Tax deductable and use it for ANY medical expense. Adds up year after year. Don't let anyone set this up where they are in charge of your HSA. You be in charge. --24.21.xx.xx
Exit Strategy - TOM IN ME (by shan [FL]) Posted on: Jun 11, 2008 8:30 AM
check out BCBS - catastrophic coverage [ER, hospital etc] for $50 per month w $2500 deductible. doesn't cover pregnancy, routine doctor visits etc. but viable option for basically healthy folks that need something in the event of an emergency. --68.226.x.xxx
Exit Strategy - TOM IN ME (by Tom [ME]) Posted on: Jun 11, 2008 9:44 AM
I have BC/BS. I have a high deductible, $15k per family member. About 400/month. Pay out of pocket, I am a contractor by trade.
Basically it's catastrophe insurance. All other stuff we pay as we need to. --72.73.xx.xxx
Exit Strategy - TOM IN ME (by Lynda [TX]) Posted on: Jun 13, 2008 10:57 AM
What a great question and some great answers! We are in the same boat as Tom(ME) as we are looking for health insurance for our daughter. When she turned 23 she was no longer covered under our military retirement coverage. She has grduated from college and is looking for a position with a company that offers insurance. Right now she is still working as a checker in a major grocery store line. They only offer insurance to upper management! I will look into some of the ideas above. Thanks. L --140.140.xx.x