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BuildMWell wrote,

Harley, for som reason, I cannot copy and paste any messages on this board. But, your last post on healthcare is a good one. Would you please bring it forward as a new topic? I would like to throw out an idea that makes a lot of sense. I know a plan that I believe would make all of us REs a deal on health Insurance. I mean great rates and a really easy plan for yearly physicals, co-pay, etc. etc.

We have the power to become our own group. And, as a group, we would command excellent rates and super coverage. My thought would be to pick a high deductable ($1500 to $2500) but to offer catestrophic coverage for ERs who join the group. This would help other REs to join us.

What do you think?

Great idea, but there are a couple of hurdles.

(1) While the Retire Early crowd is probably healthier than most other folks their age, the majority are in their 40's and 50's. One reason group health plans are so cheap is they often have losts of relatively healthy 20-year-olds in the group that serve to keep premiums low.

(2) What's your plan for "pre-existing comditions"? As we age, more of us have medical problems that insurers would just as soon not deal with. If the Retire Early Group Health Plan was generous in accepting folks with "pre-existing conditions" it would drive up premiums for everyone. Eventually, healthier Early Retirees would find they could purchase equivalent coverage elsewhere at a lower cost.

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