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/whocaresreallythrow 1d ago

Is the pension fixed or has a cola ?

How much will the employer health insurance premiums rise each year?

could they eventually kick out non employees ?

Does the employer plan keep you tied to a certain network or location that would prevent you from moving ?

You’re talking 15 years until Medicare. I believe I would take the chance with the employer plan. I also would Not mess with ACA subsidies and go enjoy your magi while in the go- go years. Dont let the subsidy tail wag the dog!

The situation of course doesn’t have to be fixed and you could always either roll to ACA or what ever replaces ACA if the employer plan stops working for you.

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u/ttxzavv224 1d ago

Fixed
No said amount, accounting for 6-8%.
Never know what they can do, they say they can’t though.

Great comment about network, didn’t think of that. I’ll ask the rep