From the bloggers at Interstellar Orchard.
Last year, I wrote a pretty lengthy article on South Dakota health insurance for pre-retirement RVers. You can review that article for the full story but here’s a recap:
Up until 2015 I had a low cost, high deductible plan that would cover me in case of emergency only, everything else I paid out of pocket. My emergency fund was large enough to cover the deductible.
Starting in 2015, the Affordable Care Act (more commonly known as Obamacare) changed the health insurance scene for full-timers dramatically. Everyone over 30 now had to have full insurance – high deductible plans didn’t meet the requirements – or pay a penalty.
Because of my income level I qualified for a subsidy that made the insurance cost similar to what I paid for the catastrophic plan, but I wasn’t able to take advantage of my shiny new “real” insurance, because all of the plans offered on the Marketplace required a person to be within South Dakota for routine or extended care (luckily emergency care was still covered). Not very nomad friendly.
To read the full story by Interstellar Orchard, click here.