Someone posted a calculator on Facebook where you could check how much your healthcare could cost next year. We all have employer healthcare, but I thought it would be a good idea to check. Part of my emergency budget is the monthly cost of healthcare should we no longer be covered, which I've always put at $400 per adult and $200 per kid, so $1600 total.
So I filled out the calculator with our current incomes but saying we had no employer healthcare. I was pleasantly surprised by the results!
NT and I are legally married, so I put us and the kids down as a household. Our cost would be $6260 per year, or $522 a month. I put AS down as her own household with just her salary, and her cost would be $1759 a year, or $147 per month.
That means if we had no healthcare coverage and our current incomes in place, we'd pay $669 per month! And it would get cheaper if we were unemployed or on reduced income -- but that seems like a good benchmark for our emergency budget.
That takes our emergency budget down to about $3100! Which would mean we've got nearly 5 months' worth in our emergency fund vs. a little under 4 months.
Here's the
Checked our Obamacare health costs
September 27th, 2013 at 03:17 pm
September 27th, 2013 at 04:35 pm 1380296108
September 27th, 2013 at 04:44 pm 1380296681
September 27th, 2013 at 06:54 pm 1380304463
Our combined expenses from our employers are a bit cheaper, I think, so we wouldn't qualify for that. I just wanted to get an idea what it would be like, for our emergency plan. (It also makes self-employment seem a bit more feasible, if one of us ever wants to go that route!)
September 28th, 2013 at 12:42 am 1380325353
So not exacltt sure what income to use.
September 28th, 2013 at 01:47 am 1380329232