I am 67 years old and recently retired after 48 years with the same company. My wife is 58 years old. While I was working my employer sponsored health insurance for me and my wife was $277 per month or $3324 annually.
My annual income before I retired was $103,000 and my wife did not work. In retirement with pensions, SS and 401K our annual income will be $81,000. My wife is 58 years old and so I went to start her insurance for 2017. Comparable insurance plan to my employer sponsored will cost $1,905.63 monthly, cheapest bronze plan is $889.31 monthly. Combine the bronze insurance cost for my wife with my Medicare premium, supplement premiums and her deductibles our monthly insurance will be $1,647 a month or $19,764 annually. That is 24% of my retirement income. That is a disaster for me. I should have never retired! Worked all my life, paid hundreds of thousands in taxes and now I get shafted when I retire. I am not rich but because I am middle income bracket I will have to pay 24% of my retirement income for medical insurance. Obama care has ruined my retirement. Cancel any travel or fun things. This is not fair and I want something done about it. I have saved and planned for retirement. Budgeted $400 per month on my wife’s insurance and now find it will cost $900 per month with $5,200 deductible and 50% copayments.
Why do the middle income carry all the burden? There are fewer of us every day. Wished I had never voted for Obama.