Looking on my calendar on June 21st I realized, my third retirement anniversary on June 18th had come an gone. As a Financial blogger and early successful retiree that date should have been marked prominently, instead it just past by.
Maybe it’s because after a while it looses it’s significance. Maybe, its because the 18th was father’s day and my mind was occupied with lovely, meaningful crafts from my children. Maybe it was because I was equally occupied, chewing on the left side of my mouth because of a filling place the day prior had gone wrong.
It now turns out the filling hadn’t gone wrong but while filling it, the tooth next to it got cracked. A cracked tooth that now has gone through the full root canal treatment which midway resulted in a flareup culminating in an unprecedented migraine that landed me in the emergency room. A cracked tooth that now needs a crown. As you can imagine, the cost is adding up. A heated debate with my dentist as to why I’m paying full price as the tooth cracked while under sedation lead nowhere other than me probably looking out for another dentist.
His argument of “every filled tooth is waiting to crack” didn’t fly with me. That like the tree cutter telling you “the roof needed replacement sooner or later” after accidentally dropping a tree on it and sticking you with the bill.
Anyways. The root canal was $760, the crown is quoted at $1,400 and I have no clue what the ER is going to charge me (probably more then the root canal and crown together).
All of this brings me to the hot topic of today (for many of us) which is healthcare and the abdominal coverage we get for it. In generally all western countries a family budget is ranked like this:
- the rest
In the States for many it looks like:
- Health Insurance
- Medical Expense
- rest of insurance
- the rest
Depending on your coverage Health Insurance/Medical Expense spots 2 and 3 on the list may actually flip. The mere fact that items 2 and 3 co-exist is even ludicrous. People in Europe are bitching and whining about a $300 maximum deductible, whereas we are dealing with a $6,700/13,300 individual/family deductible. That is on top of the approximate $7,000 in premiums we pay (After ACA credits).
All of this sucks and is inhumane and it’s going to get even more inhumane once the pre-existing condition clause has been removed or watered down. If you’re going to comment with the counter of the $8 billion to cover that gap, I probably won’t approve it. The money needed to cover Type 1 Diabetics (like my son) in the US will run about 2 times that amount. That would represent one pre-existing condition out of how many (hundreds)?
Back to my 3 year retirement as of the 18th. I shouldn’t complain (I just can’t help it). I can recommend early retirement to anyone (here’s how you do it in a nutshell). With it came the opportunity to do the things I love. I still keep busy all day doing the things that really interest me. I get to spend oodles of time with the family and the rest is spent with my hobby of building the ultimate 3D printer one can build in a basement. I even started a blog on that topic at Core3d.tech. Early retirement comes with FREEDOM (if we forget the yoke of healthcare cost we live under).
My advise to you however is: be prepared. Many of us retirees will be past our 40s (barring the few more ambitious). Evolution never meant for our bodies to live beyond 40. Things will break and possibly brake bad and often. Prepare to spend 20% of your budget on healthcare issues. If they don’t happen great, but when they do, you’ll be glad you did.
Good luck reaching your financial goals.