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Author: KenAtPcs Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1755  
Subject: Re: Budget gotchas Date: 10/8/2003 7:19 PM
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I encourage you to investigate the health insurance rules of any state where you are considering retirement.

That is a great point, Wendy. It's very difficult to compare and weigh all the various factors that go into deciding upon a retirement location. I'm sure most here are aware of some of the discussions that have taken place on the REHP board. But your point isn't brought up often enough.

For us, when we decided to move from WA (to CA), health insurance was one of our major reasons for picking CA. In Southwest WA (where we lived) the choices of health insurance provider were very limited, and the costs compared to the Californian providers we checked against were significantly higher. We knew that health insurance costs would likely grow to become our largest budget category. So we decided that in the long run, any economic disadvantages that we might have with picking CA would eventually be overshadowed by starting with a lower health insurance cost.

Plus, property taxes continued to increase without limit in WA. By the time we left, we were paying about 2.5x what we started out paying 13 years earlier. Here in CA, our property taxes are fixed to 2% increases each year, a figure we can live with.

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