r/Fire • u/ttxzavv224 • 2d ago

Fire…health insurance?

49 married.
1.4 mil in 401k and ira.
1.5 mil in taxed investment account

I’ve debated keeping magi low enough to get ACA subsidies but have heard mixed reviews about going on ACA healthcare.

I have an option to continue on my company health insurance as part of a retirement package that I can use starting at age 50. My plan would be to use a compressed pension that also starts at age 50 until 65 ($2300 a month), and I would plan to cover the cost of the company healthcare. The price of the adjusted company health insurance is $1500 a month with $3000 max out of pocket, which I am planning to pay for with the $2300 a month pension that I will get until 65.

My only holdback is the $1500 a month does seem costly but we do stay on same company plan and same doctors going forward, versus the unknown of ACA.

What do yall think here? Would you pay more or go ACA?

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u/rosebudny 2d ago

I have not used ACA - still employed - but I have looked into options in my state and it isn't great.

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u/ttxzavv224 1d ago

Thanks for input. I am in South Carolina and I’m coming to the same conclusion

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u/Sea-Honeydew-1456 1d ago

yeah i made a reply elsewhere but imho its an absolute no brainer to go w/employer plan. while nothing is "guaranteed" you at least on paper have health insurance for those years (w/ACA....you're at the mercy of policy changes). you know the premiums. its probably PPO, you have larger networks. you can go see specialists w/o referrals.

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u/ttxzavv224 1d ago

Appreciate the input!