02-23-2023, 10:06 PM
(02-23-2023, 08:24 PM)Goalpost Wrote: I retired at 58. I had good enough insurance with my company but lost it when I did. I had to go to COBRA, no choice, and got similar coverage, but COBRA is only for a limited time. At that point I received a letter to find my own insurance company and I'm with Anthem now. At 65 I will go to medicare and I hear that is much cheaper. But you're right, at that point I will have to purchase supplemental insurance. You almost have to get supplemental at that age.
It's really going to be some shit in this country in about 20 years.
People my dad's age (baby boomers) largely retired with health care coverage and an actual retirement.
My dad passed 9 years ago, but despite probably not saving quite enough, my mom is well taken care of by the railroad both pension-wise and healthcare-wise.
People like that are going to be a thing of the past. We will soon have an entire country full of retirees that either saved enough through a 401K (if they had a decent one), or will live off of social security. Regardless of their savings, they'll likely be on medicare.
That's going to be an entire elderly populace either working until death or incapacitation, or living off of the government to some extent. Yikes.
