C.O.L.A. Cost of Living Adjustment

[Tyme2fish]

C.O.L.A. Cost of Living Adjustment
I hereby declare that all COLA's be tied to the rise in the cost of insurance. My home owner's insurance is due early next month and the increase is 21%. Auto insurance has stayed roughly the same however my vehicles depreciate every year so actual value has decreased. I don't even want to discuss health insurance. Most private sector workers have not received a raise in years so I guess I should be happy with the paltry increase in Social Security of 1.5% .

With my luck, the day after I allow my home-owner's insurance to lapse a tornado will hit or an electrical short will burn my house down.

[kygorski]

I took my SS at age 62,part of my early buy out,part of my early buy out requirement. My retirement started at age 57. Life was good, then it was time to pay the piper.My pension was frozen, and the only raise was COLA.Health , auto, home, and other insurances kept raising. Cancelling insurance is NOT an option for me. 1.5% isn't much, but its enough for me














I took

[Tyme2fish]

Pension? What is this pension thing you wrote about?
No pension here.

[kygorski]

An employer used to give one it was called a benefit.You needed to work for a good number of years, and as na reward for faithfull service you received a stipend for the rest of you life[ changed by junk bond users]. Some former employers offered annunities, and contributions to 401 K plans. Some even gave ESOP plans. But that was the golden age. It sounds like a fairy tale, but it did happen. Of course Santa and the Easter bunny were alive then.

[waterdog101]

it never hurts to give your insurance agent a call, my insurance premiums keep rising. so I called my agent and had a talk with her. I told her where I could save a few hundred bucks, by taking my business to another company. and I told her with another company, the savings would only be temporary, they to would raise the rates after the teaser rates got my business. she worked with me and going with a higher deductible, and giving up a few benefits, that wasn't benefiting me anyway. cut my 6 month premiums by 700.00

[GeoFisher]

My Pension was created by GeoFISHER incorporated. I will rely on NO ONE but myself......PERIOD. Gubment money, if I get it ( Social Security, Medicare) will be a bonus, but I'm not planning on depending on it.

I may depend on Medicare, depends on the next few years with ObamaCare, but I completely expect to fully fund my retirement myself. I've been saving for about a billion years now.........One DAY, I will get to spend some of it.

Later,

Geo

[know1]

I wonder when people will start realizing that insurance is the actual problem and stop relying on it as a solution.

[GeoFisher]

I wonder when people will start realizing that insurance is the actual problem and stop relying on it as a solution.

Insurance is not the problem...........PROVIDERS are the problem, but I understand where you're coming from.

Insurance doesn't control JACK. They collect premiums and pay. The reason everything costs so much in Health Care is because 75% of all dollars paid to a provider is subsidized by the gubment. Meaning 75% of their revenues come from a person who is somehow or another getting a subsidy from the gubment. Medicare, Passport, Indigent writeoff, Medicaid, Tricare, Veterans.....whatever. AND when a provider can bill out for X and be guaranteed they will get a big chunk of that from the gubment, they CONTINUE to bill at that rate.

If the gubment stopped paying their rates, you'd in the short term have very shitty coverage, but in the long term, you'd get to a better, more free market economy.

NO ONE shops around for healthcare. They just pay what they are told to pay.

SAD.

Later,

Geo

[Tyme2fish]

waterdog101, I did some on-line pricing and got about the same (and slightly higher) results. My home-owner's deductible is already at $1,000.00 and the one vehicle I still have collision has a $500.00 deductible. I removed collision from my 1999 Ranger years ago.

All policies are with the same company. Home,auto,boat,umbrella. I figure they can't say,"Well,we can't cover the boat under your home owners due to the wind storm". I'm sure they can still find a way to weasel out of paying a claim.

[waterdog101]

waterdog101, I did some on-line pricing and got about the same (and slightly higher) results. My home-owner's deductible is already at $1,000.00 and the one vehicle I still have collision has a $500.00 deductible. I removed collision from my 1999 Ranger years ago.

All policies are with the same company. Home,auto,boat,umbrella. I figure they can't say,"Well,we can't cover the boat under your home owners due to the wind storm". I'm sure they can still find a way to weasel out of paying a claim.

Tyme, I to have all my coverage with the same company, and have been with them for near 20 years. like I said in the other post, by calling them it saved me 700.00 a year. I had my homeowners deductible raised to 5,000.00 so a broken window or a roof replacement will be out of my pocket expense. but I'll still have good coverage, in case of a fire or tornado. this alone lowered my homeowners premium by 500.00 a year. it may happen that I'll have something go wrong any day, but I've paid for homeowners insurance all my adult life, and have never had to file a claim. so to me the chance is worth the 500.00 a year savings.

[Tyme2fish]

waterdog101, I called my agent to request quotes with differing increases in my deductible. I guess he was too busy to even return my call so I called another agent's office within the same insurance company. That agent was kind enough to give me an 800 number to contact the company directly.

Increasing my deductible to $5,000.00 as you did also saved me $500.00. I requested the change and will pay the bill before the due date.

I also requested a change in my agent. If the agent is too busy to even return my call, or contact me a minimum of once a year to discuss my coverages then he is not performing his duties to my satisfaction. Plus, I just don't trust him due to various interactions in the past.