06-27-2019, 09:08 PM
(06-27-2019, 08:30 PM)oncemoreuntothejimbreech Wrote: Basically, you're screwed until you're eligible for Medicare. You're in the individual market now since you don't have an employer subsidizing your monthly premiums. You can expect to pay at least double, if not more, for the same amount of coverage you had with your employer. Or you can choose a very high deductible with a low premium which basically means you'll pay everything out of pocket except for major surgeries or illness until you meet your deductible. You're basically one stent away from bankruptcy.
It should not break him unless he has some sort of medical condition. I assume he is in decent financial shape if he is retiring at 58.
I first got coverage in the private market about 5 years ago when I left the Public Defenders Office. It was not too outrageous. I was 51, but I did not have any pre-existing medical conditions.
What really gets expensive is paying for a wife and kids. Luckily my ex-wife could put our kids on her insurance and I just upped my child support to cover it. I would have never started working on my own if I had to buy insurance for my kids on the private market.
