He's comparing insurance prices between our employer and one advertised on Marketplace for him only . Same insurance companyI would look into it. But I think it goes by income yours could be different than his including your wife's income and # of dependents
I have an agent -he has been doing Health Care for over 20 years. I pickup the phone and call him-it's not complicated for me at all.Not to be negative, but this sure shows how absolutely crazy our healthcare system is... Feels like the insurance companies do everything they can to complicate things.
It's interesting to know though... I always thought employers got special "deals" for their employees. Perhaps I am wrong.
This is not the first time that I've heard of this. However, you need to be below certain income level to qualify or have a qualifying event.Does anyone have Healthcare Insurance outside of work because you found it cheaper somewhere else ? One of my coworkers found the same insurance thru the same company on Marketplace for 1/3 of the cost from my employer .
I retired at 55 years of age. I didn't qualify for subsidies. In 10 years I spent a better part of 30 grand on Health Insurance. I had assets to protect. I had no choice.I now have ACA for me and the wife until I hit 65. Then Medicare for me and ACA for the wife. I have been happy with it for the year 14 months we have been on it. The cost of the gold plan for us both is less than $200 a month. I screwed up last year and ended up having to pay back $4000 of the $36000 that Uncle Sam provided. Be careful when you fill out the form. Adjusted/modified gross means everything you earned. It is designed for up to 400% of the poverty level of your bracket. For married filing together it is $80----something thousand dollars. You can still use it but the cost above that threshold are partially borne by you. On my company plan I was paying $1300 a month for us when I retired. The deductions and limits and max out of pocket are actually better with the Obamacare plan. There is a website that will lead you through all the steps and deem if you qualify. It will show you all the differing plans and their cost/deductible/max out of pocket etc. They start at Bronze for bare bones catastrophic at zero or low cost and go up from their as dictated by your locality. Don't foget, ALL your income in any form, even Social Security if it applies is Gross Income for the calculations. Good Luck!
I'm good spending only $3000 a year on health insurance in retirement. That would be awesome.I retired at 55 years of age. I didn't qualify for subsidies. In 10 years I spent a better part of 30 grand on Health Insurance. I had assets to protect. I had no choice.
It’s a management or owner decision whether they use employees to pay themselves even more.Some companies cannot afford to offer very good insurance due to the number of employees. It pays to shop around.
Just because the plan was offered by the same company doesn't mean it was the same plan.One of my coworkers found the same insurance thru the same company on Marketplace for 1/3 of the cost from my employer .
I worked for a Fortune 250 conglomerate. I found insurance for only slightly less cost than what was offered by the group insurance from the company. The main difference in the coverage was with the deductible. The group insurance had a huge deductible of over 17k at the time for my family.....which I considered at the time to be unreasonable.Does anyone have Healthcare Insurance outside of work because you found it cheaper somewhere else ? One of my coworkers found the same insurance thru the same company on Marketplace for 1/3 of the cost from my employer .
That is where you negotiate higher pay to offset the deductible . My wife’s pay is not as high at her hospital, however we pay very little for her work health insurance and they have $0 deductible in network of hospital drs.I worked for a Fortune 250 conglomerate. I found insurance for only slightly less cost than what was offered by the group insurance from the company. The main difference in the coverage was with the deductible. The group insurance had a huge deductible of over 17k at the time for my family.....which I considered at the time to be unreasonable.
Maybe some amount of "deals". But I suspect many (at least at your higher paying employers) plans are subsidized quite a bit by the employer. Part of the benefits.Not to be negative, but this sure shows how absolutely crazy our healthcare system is... Feels like the insurance companies do everything they can to complicate things.
It's interesting to know though... I always thought employers got special "deals" for their employees. Perhaps I am wrong.