Retired Parents- Health Insurance

[tamiisaqt 0]

I would like to know about the experiences of anyone whose parents have immigrated to the US post retirement. I’m thinking about the feasibility of my parents someday moving to the US when they retire. Having never worked here, they won’t qualify for Medicare and would need to purchase their own insurance. I realize there a so many variables in our complicated system, but I am curious what these costs can be like if anyone doesn’t mind sharing. I’m guessing costs can vary by state as well since some have laws to keep costs (relatively) reasonable. Thank you

Edited May 20, 2020 by tamiisaqt

[payxibka 10,045]

3 minutes ago, tamiisaqt said:

I would like to know about the experiences of anyone whose parents have immigrated to the US post retirement. I’m thinking about the feasibility of my parents someday moving to the US when they retire. Having never worked here, they won’t qualify for Medicare and would need to purchase their own insurance. I realize there a so many variables in our complicated system, but I am curious what these costs can be like if anyone doesn’t mind sharing. I’m guessing costs can vary by state as well since some have laws to keep costs (relatively) reasonable. Thank you

Check your states marketplace.   The biggest determining factor is age.  

[Lucky2Lucky 2,526]

Would your parents really want to lose their Canadian healthcare? 😬

[tamiisaqt 0]

40 minutes ago, Luckycuds said:

Would your parents really want to lose their Canadian healthcare? 😬

The experience of many family and friends there has been “you get what you pay for”. Plus, they have no family left near them, and adorable grandchildren south of the border 😊 

[Lil bear 4,250]

34 minutes ago, tamiisaqt said:

The experience of many family and friends there has been “you get what you pay for”. Plus, they have no family left near them, and adorable grandchildren south of the border 😊 

Marketplace insurance in states with no expanded Medicaid can run $2500 per month for a mid level plan with a deductible around $10,000.  After 5 years they can buy into Medicare which would be less expensive ... around $700

per month right now. 

[Ontarkie 14,275]

~~Moved to Moving Here and Your New Life, from Bringing Family of USC - as the topic is health care.~~

[tamiisaqt 0]

17 hours ago, tamiisaqt said:

I would like to know about the experiences of anyone whose parents have immigrated to the US post retirement. I’m thinking about the feasibility of my parents someday moving to the US when they retire. Having never worked here, they won’t qualify for Medicare and would need to purchase their own insurance. I realize there a so many variables in our complicated system, but I am curious what these costs can be like if anyone doesn’t mind sharing. I’m guessing costs can vary by state as well since some have laws to keep costs (relatively) reasonable. Thank you

I realize at their income level they would likely qualify for heath insurance subsidies,  but would using that before adjustment of status make them a “public charge”?