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Posted by Reed on September 11, 2008, 5:25 am
Will Trice wrote:
> HW "Skip" Weldon wrote:
>
>> First, consumers in their 50s and 60s spend more on healthcare than
>> youngsters, so they will need a good insurance policy. Around here
>> that costs around $1000/month.
>
> This is certainly a concern, but your healthcare insurance premium seems
> high. I just got a price sheet from Kaiser Permanente for individual
> (non-employer) plans. Monthly rates for each covered adult ages 50-54
> are $199, 55-59 are $249, 60-64 are $298. This is a 70/30 plan, $2000
> deductible with hospitalization and prescription coverage, $30 copays.
> This is similar to plans I've had with previous employers so I would
> call this a "good" plan, but perhaps it's not? Do health insurance
> premiums vary that widely region to region? Perhaps then early
> retirement may also entail changing residence to a
> lower-health-insurance-premium location?
>
> -Will
>
Bear in mind that KP is not really an "insurance" co. They are a
*non-profit* health "plan". Their salaried doctors, their
hospitals, etc. Only available in 9 states where they have their
own facilities.
Check this from:
https://prospectivemembers.kaiserpermanente.org/kpweb/structurekp/entrypage.do
"About us
Kaiser Permanente is the largest nonprofit health plan* in the
United States, serving 8.6 million members in nine states and the
District of Columbia. We are an integrated health delivery system,
which means that we provide and coordinate the entire scope of
care for our members"
Don't get me wrong, I have several family members in Denver who
have KP coverage, and their care has been excellent, and
reasonable cost. I wish it was available in CT. Quotes I have for
individual insurance coverage, age 64, in CT, start about
$900/month. Which is why I am still working, with coverage thru
employer.
--Reed
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