Quote:
Originally Posted by JColt
I worked for a county agency for 4 years so I actually have 33 years in. I could have retired 3 years ago. I can get insurance through my union for just under $400 a month. If I add wife it goes to $1900 a month. Wife just turned 61 so I need to tough it out 4 more years. I'm a year younger than her. If work is going OK I will hold off till I turn 65 in 2025.There is a slight chance that she goes on disability which will allow her to qualify for Medicaid then I could look into leaving earlier.
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Hmm, yeah, that health insurance crap is a real "gotcha" when it comes to retirement plans. When I turned 65 and went on Medicare, that still left Connie needing insurance. We looked into that ObamaCare stuff, and I was surprised to discover that the way it worked out, we didn't have to pay a dime for her health insurance. Maybe it didn't work out well for some other people, but it sure saved us a bunch of money. Without it, her health insurance alone would have been around $1,500 per month. She went on Medicare just this past February.
So look into ObamaCare for your wife and check it out to see if it would help out in your situation. Watch out for Medicaid! I believe there are some "gotchas" involved with that too.