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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 61153  
Subject: Re: what about healthcare? Date: 2/4/2007 7:48 PM
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alan81 writes,

A strategy I have heard used is self insurance. This works fine until something really BAD happens. If your state law allows seperate property for spouses, you can divide the nest egg in two. IF something really bad happens you WILL get the health care you need. Give them your half of the money and declare bankruptcy. Live off your spouses half for the remaining time. Personally, I really hate this strategy, but my rate table (for my new lower cost insurance) shows 60 year old in tier 5 has a premium of $2550, which is getting kind of painful.

$2550/month x 12 = $30,600/year plus co-pays and the policy's "maximum annual out-of-pocket expense" -- you could easily be paying $40,000 or $50,000 per year for healthcare.

Here's some info on the California Health Risk Pool for people that can't get insurance anyplace else. Check out the premium table on Page 18 -- it goes all the way up to $6,840 per month Yikes!

http://www.mrmib.ca.gov/MRMIB/MRMIPBRO.pdf

intercst
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