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Retirement plus still typing PT - Pauline

Posted: Sep 19, 2011

MTs: I presently work for an outsource company which has sold its MT division to another outsource company.

I will be 62 yo come January. I am to the point now of seriously thinking about taking early retirement and only working PT 20 hours a week. If I do that I would actually be making more money that way than I would be working the 50+ hours a week I do now. The thing that I am concerned about is I would have no health insurance unless I pay for it out of my own pocket which I have checked around and is high.

I am to the point of being burned out with transcription, but I still have to have money to survive. If anyone knows of a halfway decent insurance please let me know. I know I can retire and still work a certain $$$$$$ amount per year.

Are there any MTs out there that have done this?

Getting old and tired of learning new tricks

What state do you live in? (nm) - CMTx2

[ In Reply To ..]
nm

Well, I have never gotten insurance through - my MTSO because SM

[ In Reply To ..]
for 12 years, I worked for a medium sized company and was considered a statutory employee. TCompany was bought by one of the biggies about 1 1/2 years ago. The full time requirements to keep insurance was too much stress for me so I went part time, no benefits. Through all of this, I had BCBS Care First (individual)plan. Pretty good plan, started off those years ago with a reasonable monthly premium with a deductible I could handle. Each year, the premium went up. When my job became VR editing and my pay was cut, I could no longer afford that premium. I had to increase my deductible to decrease my premium. Basically, I have health insurance, but it really is only catastrophic now. My deductible is so high that I really can't afford to see a doctor. I guess it depends on what you can afford each month as far as premiums. Mine is now a little less than $100 a month with the above limitations. It is so aggravating that when I purchase it, it was a little over this amount with a low deductible. Good luck.

Retirement plus still typing PT - Pauline

[ In Reply To ..]
I live in Tenn. I did check 3 years ago with BCBS insurance in case I had to go to the hospital which they called catastrophic. I have to go to the doc about every 3 months for bp and cholesterol checks and that kind of insurance does not cover those unless I buy it. I have been offered a job at a company that you have to do a certain $$$$ amount or they put you at PT which bothers me. I know sometimes work can be low on all amounts so in that case surely they would not put MTs in PT category if there is not enough work to get that certain dollar amount per PP. This is the reason I was thinking about partial retirement and then do the 20 hours per week, but then I would have to buy medical/surgical insurance which would probably take most of my money. Knowing that you have to do a certain $$$$ amount and I do not get it then I am penalized is stressful just thinking about it. I am torn and do not know what to do.

Companies do put you on PT status even if - work availability is SM

[ In Reply To ..]
is low and it is out of your control. I think this is shameful. This job is stressful enough now with VR pay cut, and I could not handle the extra stress of the insurance being held over my head. As I posted above, this is the reason I am a PT employee. I don't quite understand what Obamacare will do to help people like you and me, but possibly it might make getting decent coverage more affordable.

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