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Post by nhmountains on Nov 22, 2019 7:40:19 GMT -6
Thanks FB and SD. Yeah it’s way more confusing than it should be and if you’re audited it may depend on the IRS person’s interpretation as well.
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Post by MoBuckChaser on Nov 22, 2019 8:33:06 GMT -6
I was told that HSA’s could even be used to pay health insurance premiums after you are no longer working. We did not have enough in theHSA to do so. Mo, you might check before year end and see if your wife can make an increased contribution based on age. Have to both be 55 or older to be able to make the extra $1000 into the HSA, she ain't yet.
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Post by leexrayshady on Nov 22, 2019 14:42:34 GMT -6
What do you guys know about health Share Insurance. Good bad, stay the fuck away? Looks to be less then 1/2 of normal insurance. I would stay away from Health Shares is I was you MO. as you have assets to protect. Health shares are not guarenteed insurance and can refuse to pay. If you were young and had no assets to protect then I would definitly look into them. But not in the stage of life that you are at. But people do have them and like them. its all about the security you feel. and How well you can sleep at night with either plan. If you for some reason do go with them make sure you get the best plan. Freinds Daughter's family went on Christian health share ministries, didnt get the buy up plan so they capped payemnt at 125k per illness. Child ended up getting cancer 1 month later and since they didnt have the buy up the health share only was going to pay $125k. luckily they were able to go on cobra from a recent employer.
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Post by MoBuckChaser on Nov 22, 2019 19:36:36 GMT -6
What do you guys know about health Share Insurance. Good bad, stay the fuck away? Looks to be less then 1/2 of normal insurance. I would stay away from Health Shares is I was you MO. as you have assets to protect. Health shares are not guarenteed insurance and can refuse to pay. If you were young and had no assets to protect then I would definitly look into them. But not in the stage of life that you are at. But people do have them and like them. its all about the security you feel. and How well you can sleep at night with either plan. If you for some reason do go with them make sure you get the best plan. Freinds Daughter's family went on Christian health share ministries, didnt get the buy up plan so they capped payemnt at 125k per illness. Child ended up getting cancer 1 month later and since they didnt have the buy up the health share only was going to pay $125k. luckily they were able to go on cobra from a recent employer. I figured as much.
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Post by MoBuckChaser on Nov 23, 2019 6:01:00 GMT -6
My insurance guys are customers of mine as they farm as well. Been with me from my start 20 years ago. They are great guys and I bounce insurance shit off them all the time. One thing they said was they stopped doing Medicare supplements and will probably stop doing all medical insurance period. Said the system is so fucked up for how much money they make it just is not worth the time. They said Obama care fucked up the system and tripled its cost with no way to fix it now since the rules are entrenched now. So I will pay my $1,040 a month with my $6,900 deductible and hope it doesn't get worse in the 5 years I wait for medicare.
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Post by Sandbur on Nov 23, 2019 7:41:07 GMT -6
My insurance guys are customers of mine as they farm as well. Been with me from my start 20 years ago. They are great guys and I bounce insurance shit off them all the time. One thing they said was they stopped doing Medicare supplements and will probably stop doing all medical insurance period. Said the system is so fucked up for how much money they make it just is not worth the time. They said Obama care fucked up the system and tripled its cost with no way to fix it now since the rules are entrenched now. So I will pay my $1,040 a month with my $6,900 deductible and hope it doesn't get worse in the 5 years I wait for medicare. And your wife has 12 years for Medicare. My wife has seven. Your agents reply resembles ours.
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Post by MoBuckChaser on Nov 23, 2019 7:45:30 GMT -6
My insurance guys are customers of mine as they farm as well. Been with me from my start 20 years ago. They are great guys and I bounce insurance shit off them all the time. One thing they said was they stopped doing Medicare supplements and will probably stop doing all medical insurance period. Said the system is so fucked up for how much money they make it just is not worth the time. They said Obama care fucked up the system and tripled its cost with no way to fix it now since the rules are entrenched now. So I will pay my $1,040 a month with my $6,900 deductible and hope it doesn't get worse in the 5 years I wait for medicare. And your wife has 12 years for Medicare. My wife has seven. Your agents reply resembles ours. Wife has been the driving force behind our quest to retire. She has worked hard and put up with me at the same time all these years. If 12 years of paying for healthcare has to happen it has to happen. She earned it as well as her place in the desert SW
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Post by smsmith on Nov 23, 2019 7:59:11 GMT -6
And your wife has 12 years for Medicare. My wife has seven. Your agents reply resembles ours. Wife has been the driving force behind our quest to retire. She has worked hard and put up with me at the same time all these years. If 12 years of paying for healthcare has to happen it has to happen. She earned it as well as her place in the desert SW I really like that response John, you've got your priorities set correctly
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Post by MoBuckChaser on Nov 23, 2019 8:09:26 GMT -6
Wife has been the driving force behind our quest to retire. She has worked hard and put up with me at the same time all these years. If 12 years of paying for healthcare has to happen it has to happen. She earned it as well as her place in the desert SW I really like that response John, you've got your priorities set correctly It just took watching my good friend and neighbor laying here sick as hell, waiting for the end this past year to wake me up. He will never get to enjoy anything with his wife after starting retirement and SS last year. I at least want a few years. We have plenty of money, just need to do it and she is making it happen. But I think talking to big jerry on the side has helped as well. We have investment money we can draw from and it should still increase in value if we don't go overboard. I have everything paid for and still own about 500 acres. I have 3 bins full of grain I have been holding for a rainy day. Well the rainy day starts in 5 weeks.
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Post by MoBuckChaser on Nov 23, 2019 8:24:35 GMT -6
But I am making the Cuda check out places in NM with me in case I want to start elk hunting now.....LOL
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Post by smsmith on Nov 23, 2019 8:30:00 GMT -6
I really like that response John, you've got your priorities set correctly It just took watching my good friend and neighbor laying here sick as hell, waiting for the end this past year to wake me up. He will never get to enjoy anything with his wife after starting retirement and SS last year. I at least want a few years. We have plenty of money, just need to do it and she is making it happen. But I think talking to big jerry on the side has helped as well. We have investment money we can draw from and it should still increase in value if we don't go overboard. I have everything paid for and still own about 500 acres. I have 3 bins full of grain I have been holding for a rainy day. Well the rainy day starts in 5 weeks. "Get busy living, or get busy dying"
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Post by sd51555 on Nov 23, 2019 8:38:50 GMT -6
But I am making the Cuda check out places in NM with me in case I want to start elk hunting now.....LOL I had elk for the first time in Deadwood this fall at the social club. That has made a spot on my to-do list.
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Post by Tooln on Nov 26, 2019 1:50:48 GMT -6
So I'm also shopping around for health insurance. Talked to a local dude and checked into keeping what we have through current employer's. Last night I did an online search and found what I though to be a good place to get a quote. It asked for age, health, all the normal questions one would expect, plus contact information. They said they would get back to me with a quote. What a fricken mistake that was. When I woke up my voice mail box was full. Text messages up the wazoo. Listened to a few messages, computer calls, people talking you couldn't understand. Now I've got a shit load of blocked numbers. I did answer s couple of calls and asked where the caller was calling from. Texas, Florida and my desk were just a few of the answers I got. Talk about a nightmare.
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Post by MoBuckChaser on Nov 26, 2019 4:38:38 GMT -6
So I'm also shopping around for health insurance. Talked to a local dude and checked into keeping what we have through current employer's. Last night I did an online search and found what I though to be a good place to get a quote. It asked for age, health, all the normal questions one would expect, plus contact information. They said they would get back to me with a quote. What a fricken mistake that was. When I woke up my voice mail box was full. Text messages up the wazoo. Listened to a few messages, computer calls, people talking you couldn't understand. Now I've got a shit load of blocked numbers. I did answer s couple of calls and asked where the caller was calling from. Texas, Florida and my desk were just a few of the answers I got. Talk about a nightmare. Can't trust anyone.....
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Post by Sandbur on Nov 26, 2019 4:49:16 GMT -6
So I'm also shopping around for health insurance. Talked to a local dude and checked into keeping what we have through current employer's. Last night I did an online search and found what I though to be a good place to get a quote. It asked for age, health, all the normal questions one would expect, plus contact information. They said they would get back to me with a quote. What a fricken mistake that was. When I woke up my voice mail box was full. Text messages up the wazoo. Listened to a few messages, computer calls, people talking you couldn't understand. Now I've got a shit load of blocked numbers. I did answer s couple of calls and asked where the caller was calling from. Texas, Florida and my desk were just a few of the answers I got. Talk about a nightmare. Hopefully the information will not be used to steal your identity. If it is like us, coverage will vary with which county you live in. Some companies have refused to cover people in some rural counties.
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