Muscatine

Insurance Costs

Posted in: Muscatine
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  • kurious
  • Respected Neighbor
  • Muscatine, IA
  • 62 Posts
  • Respect-O-Meter: Respected Neighbor

I'm just wondering what percentage of income some of us pay for insurance. I'm a retiree with Medicare insurance plus a private 2nd party and drug insurance. The last 2 went up significantly for next year. I will be paying 23% of my income for insurance.

 

What percentage of your income do the rest of you pay JUST for insurance...no prescriptions or other medical costs? I'm curious as to how the percentages compare between those of us who are retired and those who are still working.

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  • janitor
  • Respected Neighbor
  • USA
  • 59 Posts
  • Respect-O-Meter: Respected Neighbor

I will be paying 22% of my income in insurance inthe coming year.  Make that health insurance. 

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  • shackman
  • Respected Neighbor
  • USA
  • 87 Posts
  • Respect-O-Meter: Respected Neighbor

I retired from the City of Muscatine, right at 3 years ago.  IF, I would have kept the Citys' Blue Cross/Blue Shield Insurance, which the City is SELF INSURED, with BC/BS administering it, I would have had to pay the premium out of pocket (mine), in the amount of $1032/month!!!!!!!!  Now, I want to tell you 2 things, SINCE the City is SELF INSURED, what the City paid was good, but, by NO means, was it excellent!  I would like to tell you that, that was over half of my retirement IPERS check!!!.  I LAUGHTED at the HR Director (same one as is now), and told her that at THAT premium, there was NO way that I could ever retire!  For those of you who know me, that's one of the biggest reasons that I'm working full-time at where I am, since the day I retired from the City!  I LOVED working for the City, BUT, IF it were not for IPERS, the City of Muscatine offers you nothing for a retirement package!  OVER 50%, who in the HELL could afford that?  Shackman.

Remember all last year when nobama was endlessly touting the change he would bring - well, stick your hand in your pocket - cause there's your change!

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