Monday, September 14, 2015
Review of Last Weeks Goals
OK, so here is the scoop on those "Looks Like Wine bottles".
One of the health area's my Dr. has been interested in is the amount of water I drink each day. I shared with her I know I drink between 8-10 bottles a day. Yep, I'm a big drinker. While she was happy with my water intake she had concerns that I was drinking so much bottled water. She suggested that I use bottle water as a convinance but when at home use a "Glass" not plastic :)
I won't go into all the details regarding bottled water, heck you can google that. I started with purchasing a Brita water pitcher. While that worked great I didn't feel like I could track the amount of water I was taking in. Here is where the "Looks like wine bottles" comes in. I now recycle empty Ningxia Red bottles. Each evening I fill two of the bottles to ensure I get at least 52 ounces of water each day. Most days I end up refilling at least one bottle.
I have been drinking "Young Livings" Ningxia Red for 3 month now. I must say I LOVE it!!!
After speaking to several friends who have retired early the going rate for a couples health insurance policy runs between $1,300.00 - $2,000.00 each month. That doesn't include the cost of co-pays, and deductibles. We do have a HSA (Health Savings Account) but it is no where near what we would need.
Alright so here is how the math worked out going with what seems to be the average for a couple
$1,500 a month for 12 months - $18,000.00 a year
Drag that ugly number out over 3 years - $54,000.00
The 2 extra years before I would qualify for Medicare - $18,000.00
Grand total $72,000.00
Keep in mind these numbers don't include the cost of meds hubby and I are on now, regular Dr. office visit, or any illnesses we might run into.
If hubby can hold on for just 3 more years here is the math
Health insurance for just me as hubby will qualify for Medicare at that point $18,000.00
If we continue to make the maximum allowed HSA deposits as we are doing now that would bump our account up and additional $22,000.00. With what we have already saved in our HSA our grand total would be $42,000.00
Bottom line - I would much rather have $42,000.00 in the HSA account than pay out $72,000.00.
This is just one of the many steps involved in thinking/planning early retirement. More to come...