Teachers/freelances, what do you do for health insurance?
My husband and I are thinking about taking early retirement. I have a career in another field, as my kids have gotten older, I've been teaching and gigging more and more. I'm now having to turn down opportunities that I would love to say yes to. I'd like to leave my current career, but am stuck because I need the health insurance. Financially, if I could find a good insurance option, we would be fine. For the teachers and freelancers, do you have any suggestions? What do you do for health insurance?
We live in the US and I'm hesitant to get an ACA policy because, well, Trump...
What kind of health insurance might be available to you through your retirement plan? My husband recently retired from his school district and we are all on the plan that the state of Texas provides to teacher retirees. The SA Symphony also has health insurance available but I opted out.
If people use the ACA, no one, not even Voledemort, will be able to get rid of it, because it will be working. Just a thought.
Aca is also kind of expensive for what you get.
ACA this, ACA that. It all depends on where you live. Nobody can predict this for you -- you have to investigate it for yourself, perhaps with the help of someone trained to do that. You should hire a licensed fee-only financial advisor because they can help you integrate the health-insurance piece with everything else -- life insurance, savings, investment, and the rest of your retirement plan. You wouldn't teach yourself to play the violin, would you?
ACA is not a policy you buy. It is a set of rules and regulations that all policies must follow. One of its provisions is that you cannot be denied for pre-existing conditions, or charged more for them, which prior to the ACA made getting an individual policy to bridge into Medicare impossible for many people.
I just pay out of pocket for Kaiser. I technically bought it through the California ACA "marketplace" but don't receive financial assistance on it, and I pay Kaiser directly. I nearly have the lowest cost plan, but it's still around 230/month for me.
George, that would be the musicians’ union. American Federation of Musicians, which covers the US and Canada.
Locally at least, the AFM health and life insurance plans are only slightly worse than the plans from my employer. Worth looking at.
Currently I get my health insurance through Connect for Health Colorado which is the health exchange site for CO (Obamacare.) Previous to that being an option I went through a health insurance broker. The broker would call me when the policy was up for renewal and let me know if it was still priced competitively with similar policies or if I should switch companies to one that was more affordable.