Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next
Author: ziggy29 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5085  
Subject: Re: Health Insurance in Retirement Date: 2/20/2005 9:52 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
>> I much appreciate your comprehensive reply and referenced information.

You hit the nail on the head with respect to employer-provided healthcare.

Over the past five years, my *Fortune 100* employer has continued to chip away at health care benefits to the point where company benefits are now roughly comparable to those offered by small businesses.
<<

Until 2002, we paid nothing for employer-provided medical benefits. In 2003, we paid $50 every pay period (twice a month) and in 2004 we paid $82. This year it's down to $75 again, but only because we went to a new plan with higher deductible (and the company gives us $2000 in an account -- similar to, but different than -- an HSA, to pay them). The standard plan is up to around $90 now, I think; it was rather remarkable that our company's premium only rose 6% this year for the same plan.

In another year or two I wouldn't be surprised if we had a true HSA plan. I'd actually like to enroll in one of those, because if we FIRE or otherwise become self-employed in our future, I think that would be how we'd deal with health insurance, and by that time -- barring unforeseen medical problems -- we could have a few grand in such an account before we take that plunge *and* the actual premiums would be considerably more affordable.

#29
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement