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Subject:  Re: Health Insurance Date:  4/26/2014  9:12 AM
Author:  inparadise Number:  74877 of 104233

Pre Medicare eligible retirees will love the ACA since they can go on an exchange if their health costs rise.

Don't get me wrong...even with it's issues I am thrilled to have the ACA back up to retiree health care. One thing that has been made abundantly clear is that the company has the right to pull that benefit at any time, and as healthy as DH is, with pre-existing conditions from childhood he is simply not insurable outside of group health. Well, that's probably hyperbole, but short of moving to a high risk plan state and paying through the nose, or getting coverage by going back to work, it wouldn't have been possible. We budgeted an extra $20,000/year for extra insurance costs in the event retiree healthcare got cancelled on us.

I do however think the ACA will be the final death knell for retiree health care benefits. When Medicare came into play, lots of companies dropped the benefit, or minimally eliminated it once the employee qualified for Medicare. Not many industries offer it at all anymore, and soon it will be none.

Hopefully the ACA will be better understood and have more options by the time we need it. Either way, something had to be done to improve the current system. I confess I am happy that our kids will have more choices in the jobs they choose to do, no longer restricted by the potential need for group health insurance.

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