Masschusetts Health Insurance Costs

[yankee]

Since I am being laid off in 7 weeks I asked Human Resources how much it will cost me to continue my health insurance (required by Massachusetts)


$17,436 a year for two people

[Mnguy2007]

Since I am being laid off in 7 weeks I asked Human Resources how much it will cost me to continue my health insurance (required by Massachusetts)


$17,436 a year for two people

It's really not so surprising.
My insurance went up over three hundred % from what it normally cost me after the Obama care crap was passed. This was the first time I can say that I didn't blame the insurance company for their greed.

This is a perfect example of what happens when the government gets to involved.
Someone is going to pay for those that choose not to.

[statajack]

Since I am being laid off in 7 weeks I asked Human Resources how much it will cost me to continue my health insurance (required by Massachusetts)


$17,436 a year for two people

That is an absolutely stunning cost. Crazy!

[Gabber]

Since I am being laid off in 7 weeks I asked Human Resources how much it will cost me to continue my health insurance (required by Massachusetts)


$17,436 a year for two people

agree with Cam, this is unbelievable and robbery. I feel for ya bud, not sure what else to say

[yankee]

agree with Cam, this is unbelievable and robbery. I feel for ya bud, not sure what else to say

I am looking at other options, probably can get it down to about $700 a month.

[Gabber]

it is still 700 dollars a month. Man, that is craziness. Sorry my American brothers but unless you do something soon there will be no middle class left in the US. Who can afford to live there?

What really rattles my chain is that someone who has devoted his life to his country is getting totally shafted.

[Voobrazheniye]

Isn't it great how Romneycare, and now Obamacare, were created to provide affordable health coverage for everyone? Meanwhile, of course, the politicians have their own health care system - paid for by taxpayers.

And all the union muckety-mucks get sweet deals on health coverage. Top corporate guys (the big companies, not small business) can afford whatever they need.

Everyone else? Tough sheet!

[yankee]

Have some wonderful news about Massachusetts health insurance laws. I am forced to continue my company's health insurance at $1,400 a month or have no health insurance at all at a penalty of $184 per month. Not until July will I be able to chose a different health insurance policy.

When I retire (forced), I will receive $24,700 a year in social security benefits. If one subtracts out the health insurance cost that leaves me with $7,300 a year to live on.

Cheaper to have no health insurance and pay the fine!

[Mnguy2007]

Have some wonderful news about Massachusetts health insurance laws. I am forced to continue my company's health insurance at $1,400 a month or have no health insurance at all at a penalty of $184 per month. Not until July will I be able to chose a different health insurance policy.

When I retire (forced), I will receive $24,700 a year in social security benefits. If one subtracts out the health insurance cost that leaves me with $7,300 a year to live on.

Cheaper to have no health insurance and pay the fine!

Can't you take the medicare as your insurance since you will be retired?
That should only cost you about $70.00 a month. That should take away the ability to fine you for no insurance.

[yankee]

Can't you take the medicare as your insurance since you will be retired?
That should only cost you about $70.00 a month. That should take away the ability to fine you for no insurance.

good comment. I am only 63 amost 64. can not get medicare until 65 and that still leaves my wife!

[statajack]

good comment. I am only 63 amost 64. can not get medicare until 65 and that still leaves my wife!

I am tempted to suggest that once your last payment to the current lot finishes in July, is it worth looking at redirecting the astronomical insurance premium to other means of providing a pot of security.

It depends almost entirely on your own perception of risk, notably, if you feel it paramount to cover yourself and your wife in the traditional manner of purchasing health insurance.

I know a number of people who have walked away from traditional methods of providing for the future, and are now regularly putting funds into their own portfolio of investments. The key is spreading the risk, anything from buying a few public shares/stocks now and then, to commodities, to bonds, to real estate, to buying private equity in small successful retail businesses.

If you study a comparison of this type of protection with the traditional insurance programmes, they stack up quite favourably. It depends if you have the courage and time to get serious about it.