Obamacare Increases A Wrinkle In Retiree's Plans

Obamacare Increases A Wrinkle In Retiree's Plans

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Airline tickets to California are not cheap.

“I think we’re looking at $510 now,” says Jill Carnathan.

It’s something Jill and Glenn Carnathan have to budget for since Glenn retired. He spent most of the last 37 years in human resources and explaining healthcare to employees. But now it’s what’s causing him to cutback. Their only extravagance—plane tickets to California to visit grandkids.

“We have keep the house pretty hot compared to what we’re used to and we freeze and have to dress up in the winter,” says Glenn.

The two are no strangers to budgeting, and what they’ve saved they put back into their home, making it a place to share memories with their two grandchildren, putting in a pool even—but that recently changed.

Glenn had independent insurance with Blue Cross Blue Shield, who notified them of increases, putting a dent in their budget.

Their deductible went from $1,500 to $3,000 a person. Their premium went up to $1,050 a month. The increase alone makes up 10% of their monthly budget. Glenn and Jill were smart about saving, putting some aside and planning for retired life.

“I planned for not only my formal retirement years, but also wanted to have enough savings to fund the opportunity to do things where I wouldn’t have as much pressure on making a big salary,” says Glenn.

But they didn’t count on this much of an increase. Jill even went back to work to help pay for the extras.

“I work part time, retail. But it’s minimum wage, so by the time you take out taxes and all that, there’s not too much left over,” says Jill.

But with all the sacrifices, they still consider themselves blessed.

“We’re making the best of it but there are a lot of other people out there that are much worse off and have not been as blessed as we have that getting impacted just the same. So the impact on them is even more catastrophic in my opinion,” says Glenn.

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