Invest your own money, let compound effect be your leverage, and avoid debt like the plague.
- Manlobbi
Halls of Shrewd'm / US Policy
No. of Recommendations: 4
From NPR:
U.S. health care is the most expensive in the developed world and the price point is only rising. Last year, the average annual premium for an employer-based health insurance plan for a family of four was over $25,500. Of that average total, employers contributed about $19,200 and workers contributed the rest. Total premiums have risen over 24% since 2019 and are widely expected to surge next year.
How does Medicare cost compare?
No. of Recommendations: 2
I'm not looking forward to perusing the exchanges next month. It's sign-up time. I'm still almost 3 years from Medicare.
No. of Recommendations: 2
I'm not looking forward to perusing the exchanges next month. It's sign-up time. I'm still almost 3 years from Medicare.
Yup. Be nice if we knew how this shutdown fight would shake out.
I'll just make up some number for income as usual. Determined to stay below 400% FPL next year if the enhanced subsidies are not extended.
No. of Recommendations: 0
Yep. I too am anxiously awaiting.
Currently - the non subsidy price for my PPO (mind you, it's zero deduct, covers lots of stuff, 2 adults 2 kids)....the true price would be $2700 a month.
That puppy should be over $3000 a month.
I"ve managed my income to max out subsidies each year but i'm scared that if my income shows "too low" they'll put my kids on "CHIP" -- the Medicaid for kids insurance. So I called them 2 years ago to ask if its mandatory to be on CHIP and they said no---but they'd take back the subsidy. Thus far i've had a wonderful subsidy of $800+ a month PLUS whatever the Enhanced deal was that i get back during tax time.
Now i'm seriously considering jacking up my income, still getting the subsidies for ACA---but that means I have to pay a bit in Federal taxes which is something I can't remember the last time I did. In my 'good ol days' i paid over $200K in a year. LMAO now I chase refunds and credits.
It would be awesome to max out subsidy for me and DW with ACA and stick kids on CHIP. I've resisted it for 5 years because I have heard that in *some cases* specialists might not take CHIP patients, and hospitals might give less priority to Medicaid people ----Daddy don't play that.
It's gonna be hilarious if i actually TRY to jack my income and pay taxes now lmao.
Almost makes me want to swalow pride, take some part time gig, make 20K a year, 401K the whole thing - but then max out ACA credits, child tax credits, and college tuition credits right up to the full refundable amount.
but i've never had a 'boss' before. Shit that will be weird.
