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Healthcare costs in the US are problematic for early retirement - even if "early" is in your 50s. The ACA actually made things a lot better if you can keep your
by UncleOxidant 6y ago
Healthcare costs in the US are problematic for early retirement - even if "early" is in your 50s. The ACA actually made things a lot better if you can keep your annual income under certain thresholds. But with the possible demise of the ACA being able to control health insurance costs could become problematic. The Supreme Court is going to rule on it next year - arguments start in November and it looks like they'll be getting another anti-ACA justice soon so this seems like a likely outcome. This kind of uncertainty is difficult to budget for.
- vsskanth 6y agoYeah this is what I was looking for. Without some kind of health insurance no amount of money is enough to retire.
- UncleOxidant 6y agoIndeed. And if health insurance goes back to excluding pre-existing conditions which is likely to happen post-ACA it's going to leave most people wide open to risk. The other thing that likely would happen in a post-ACA context would be that there will be insurance policies that don't cover various conditions like, say, cancer treatment - it might look like you're getting a fairly decent premium, but you'll need to read the fine print for what's excluded. Yes, Trump says his "plan" will cover pre-existing conditions, but no one has ever seen this wonderful plan that costs less than ACA plans and also covers pre-existing conditions.