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Re: Minimum comfortable income for STX

Gator's Mom
May 09, 2017 09:43AM

Registered: 5 years ago
Posts: 902

Just like I subsidize my parents and subsidized my grandparents health care.,,, and my employer subsidizes mine ...and your employer subsidizes yours. Not charity.

With that said, if my employers overtime had provided health care savings plan contributions rather than health insurance - I would have had enough money to fund my health care needs until Medicare without insurance and risk pools. Barring catastrophes of course.

But that's not how it works. The health care payment system is based on equity, not self-sufficiency.


Quote
JohnnyU
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Gator's Mom

Obviously, equity is not understood or valued by the white guys in charge. So we all must plan accordingly and unfortunately for the time being. Health care will never be free - and I happily pay for equitable access. It's the inability to have access that's the issue.

Sounds like charity

Also I believe that you are older. It must be nice to have all those health young folks subsidizing your healthcare...

Re: Minimum comfortable income for STX

JohnnyU
May 09, 2017 10:45AM

Registered: 4 years ago
Posts: 462

Your employer doesn't subsidize your healthcare, its part of your compensation package.

I believe that you are bringing up Medicare, not sure why



Quote
Gator's Mom
Just like I subsidize my parents and subsidized my grandparents health care.,,, and my employer subsidizes mine ...and your employer subsidizes yours. Not charity.

With that said, if my employers overtime had provided health care savings plan contributions rather than health insurance - I would have had enough money to fund my health care needs until Medicare without insurance and risk pools. Barring catastrophes of course.

But that's not how it works. The health care payment system is based on equity, not self-sufficiency.


Quote
JohnnyU
Quote
Gator's Mom

Obviously, equity is not understood or valued by the white guys in charge. So we all must plan accordingly and unfortunately for the time being. Health care will never be free - and I happily pay for equitable access. It's the inability to have access that's the issue.

Sounds like charity

Also I believe that you are older. It must be nice to have all those health young folks subsidizing your healthcare...

Re: Minimum comfortable income for STX

Gator's Mom
May 09, 2017 11:25AM

Registered: 5 years ago
Posts: 902

My employer self funds/underwrites insurance claims. The company on my insurance card manages that for my employer.

Medicare is not touched by changes to the ACA. It's a different system of care and different discussion.


Quote
JohnnyU
Your employer doesn't subsidize your healthcare, its part of your compensation package.

I believe that you are bringing up Medicare, not sure why



Quote
Gator's Mom
Just like I subsidize my parents and subsidized my grandparents health care.,,, and my employer subsidizes mine ...and your employer subsidizes yours. Not charity.

With that said, if my employers overtime had provided health care savings plan contributions rather than health insurance - I would have had enough money to fund my health care needs until Medicare without insurance and risk pools. Barring catastrophes of course.

But that's not how it works. The health care payment system is based on equity, not self-sufficiency.


Quote
JohnnyU
Quote
Gator's Mom

Obviously, equity is not understood or valued by the white guys in charge. So we all must plan accordingly and unfortunately for the time being. Health care will never be free - and I happily pay for equitable access. It's the inability to have access that's the issue.

Sounds like charity

Also I believe that you are older. It must be nice to have all those health young folks subsidizing your healthcare...

Re: Minimum comfortable income for STX

sjointer
May 09, 2017 11:50AM

Registered: 1 year ago
Posts: 56

Quote
Pdmargie
So,....Health Insurance debate aside,......It sounds like $75,000-$100,000/year is what is required for a single person to live modestly and comfortably in STX. For all the dreamers out there,....what kinds of jobs are available that generat this amount of income?

I've just accepted an informal offer of $70K/year. But I'm a professor of Computer Science and will be working at the University on STX. Other posts on these forums imply that life on the other two islands are even higher cost.

I know that health/dental/vision is part of my deductible, and my required, pre-tax deductible for retirement is 8% through TIAA-CREF. I should say that, before reading this thread, I was a little worried about cost of living. My fears are assuaged slightly, so thanks for the thread.

Re: Minimum comfortable income for STX

watruw8ing4
May 09, 2017 12:57PM

Registered: 11 years ago
Posts: 851

Quote
JohnnyU
Quote
Gator's Mom

Obviously, equity is not understood or valued by the white guys in charge. So we all must plan accordingly and unfortunately for the time being. Health care will never be free - and I happily pay for equitable access. It's the inability to have access that's the issue.

Sounds like charity

Also I believe that you are older. It must be nice to have all those health young folks subsidizing your healthcare...

I'm older. For decades, my insurance premiums went into the pool to cover my older coworkers. But back then the concept of insurance was understood, and there wasn't an "I Got Mine, The He!! With You" attitude, so nobody whined about it.

Re: Minimum comfortable income for STX

JohnnyU
May 09, 2017 01:55PM

Registered: 4 years ago
Posts: 462

Quote
Gator's Mom
My employer self funds/underwrites insurance claims. The company on my insurance card manages that for my employer.

Medicare is not touched by changes to the ACA. It's a different system of care and different discussion.


Its still part of your compensation package, whether you like it or not

And like I said, not sure why you brought it up...

Re: Minimum comfortable income for STX

JohnnyU
May 09, 2017 01:57PM

Registered: 4 years ago
Posts: 462

Quote
watruw8ing4
Quote
JohnnyU
Quote
Gator's Mom

Obviously, equity is not understood or valued by the white guys in charge. So we all must plan accordingly and unfortunately for the time being. Health care will never be free - and I happily pay for equitable access. It's the inability to have access that's the issue.

Sounds like charity

Also I believe that you are older. It must be nice to have all those health young folks subsidizing your healthcare...

I'm older. For decades, my insurance premiums went into the pool to cover my older coworkers. But back then the concept of insurance was understood, and there wasn't an "I Got Mine, The He!! With You" attitude, so nobody whined about it.

Comparing the demands older generations place on Medical usage Vs today is folly.

You'll get yours, everyone else will get stiffed

Re: Minimum comfortable income for STX

speee1dy
May 09, 2017 02:01PM

Registered: 10 years ago
Posts: 8,628

not even. seriously

Quote
Pdmargie
So,....Health Insurance debate aside,......It sounds like $75,000-$100,000/year is what is required for a single person to live modestly and comfortably in STX. For all the dreamers out there,....what kinds of jobs are available that generat this amount of income? Can dreamers who hope to work in the service industry really make a go of it in the islands? Sounds like a big no, unless bar tending pays a lot more there than in the States

Re: Minimum comfortable income for STX

Gator's Mom
May 09, 2017 02:15PM

Registered: 5 years ago
Posts: 902

Payment toward future Medicare benefit is not part of my compensation package - it's a tax shared between my employer and me.



Quote
JohnnyU
Quote
Gator's Mom
My employer self funds/underwrites insurance claims. The company on my insurance card manages that for my employer.

Medicare is not touched by changes to the ACA. It's a different system of care and different discussion.


Its still part of your compensation package, whether you like it or not

And like I said, not sure why you brought it up...

Re: Minimum comfortable income for STX

JohnnyU
May 09, 2017 02:45PM

Registered: 4 years ago
Posts: 462

Again your employer covering your claims is part of your compensation package

My point about "Bringing it up" was in respect to Medicare. Since you agreed that it wasn't part of Obamacare it made no sense other than creating a strawman

Re: Minimum comfortable income for STX
avatar

rotorhead
May 09, 2017 03:11PM

Registered: 13 years ago
Posts: 2,455

Quote
watruw8ing4
I'm older. For decades, my insurance premiums went into the pool to cover my older coworkers. But back then the concept of insurance was understood, and there wasn't an "I Got Mine, The He!! With You" attitude, so nobody whined about it.

Back then, your pool was made up of fellow co-workers who were all paying into the pool. All were stake holders. All weren't paying the same and all didn't have the same coverage, premiums varied, coverage varied and deductibles varied. The bottom line is that all the members contributed.

Progressives would like to form a pool of everyone in the country. Single payer funded by taxes. The problem is that today 45-50% of citizens pay no income tax. So your new pool would cover everyone, everyone gets the same coverage regardless of what you pay, and only 50-55% of the people pay for everyone.

That is not a pool that I want to join. Freedom of association. But progressives think that we should all be forced into the pool whether we like it or not.


Part of the problem is that I would like to move toward a society where people are required to be more responsible for their actions, progressives would like to remove responsibility and require everyone to take responsibility for others even though we have no control of their actions.

As an example. Whenever you mention requiring people to be responsible for their actions you will always get a child hardship story as an example.

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quirion
The wreck that people may have had last week could be a child being born with a preexisting condition. Charity? Let's all become the king cheeto

When I hear a story like this my first thought is that responsible parents would have insurance if they were having a child and this would be covered.

Why don't we require parents to be responsible? If someone wants to have a child shouldn't they be expected to be able to provide for the child? Housing, food, health care? Should irresponsibility be rewarded or punished?

My feeling is that the child should be taken care of and the parents should be punished or at the very least they shouldn't benefit from being irresponsible.

With medicare and social security at least people are expected to contribute something in order to qualify for benefits, not so with single-payer health care for all.

Re: Minimum comfortable income for STX

Gator's Mom
May 09, 2017 03:31PM

Registered: 5 years ago
Posts: 902

Not a strawman, access to Medicare is a mark in time when the health care clock resets. That was my intent.

My compensation package includes the piece of my insurance premium paid for by my employer - about $650 per month. Thus, if I make $1,000 per month my compensation package with health care is $1,650.

Any claim is paid for from a risk pool created by those monthly contributions made by my employer and its employees. With a self-funded risk pool, my employer takes on the risk of paying claims in excess of the amount of money in that pool rather than an insurance company.


Quote
JohnnyU
Again your employer covering your claims is part of your compensation package

My point about "Bringing it up" was in respect to Medicare. Since you agreed that it wasn't part of Obamacare it made no sense other than creating a strawman

Re: Minimum comfortable income for STX

Pdmargie
May 10, 2017 03:37AM

Registered: 3 years ago
Posts: 286

Wow! Never thought my simple post would turn into a Congessional Debate!

Re: Minimum comfortable income for STX

Pdmargie
May 10, 2017 03:39AM

Registered: 3 years ago
Posts: 286

I'm just trying to figure out if a nursing salary is enough to live comfortably on STX.

Re: Minimum comfortable income for STX

Pdmargie
May 10, 2017 03:50AM

Registered: 3 years ago
Posts: 286

I'm still debating the move. If a nurses salary, which is much less than $100,000 even on the Mainland, is not adequate to live comfortably, then no move. If the Government goes bankrupt,.....not a good time for a move. If the hospital can't pay its bills and can't fix a sewer problem,..not a good time for a move.

Re: Minimum comfortable income for STX

Gator's Mom
May 10, 2017 08:14AM

Registered: 5 years ago
Posts: 902

A salary of $50-60K would be adequate as long as you have employer provided benefits and savings to back you up. The government has been going bankrupt for many many years - if the feds step in, all for the better.

The hospitals have old infrastructure for sure and can't pay their bills. Since the VI is part of the US labor system, you'll get paid. The greater concern is hospital politics but that's everywhere.

Put your stuff in storage and don't move everything until you're satisfied you can adjust to island life. Make sure you rent a furnished place that is nice - with a good breeze, air conditioning and maybe a view. Pay more than you plan if you have to. The heat, bugs and barking dogs take out a lot of newcomers.


Quote
Pdmargie
I'm still debating the move. If a nurses salary, which is much less than $100,000 even on the Mainland, is not adequate to live comfortably, then no move. If the Government goes bankrupt,.....not a good time for a move. If the hospital can't pay its bills and can't fix a sewer problem,..not a good time for a move.

Re: Minimum comfortable income for STX

speee1dy
May 10, 2017 08:18AM

Registered: 10 years ago
Posts: 8,628

YES


Quote
Pdmargie
I'm just trying to figure out if a nursing salary is enough to live comfortably on STX.

Re: Minimum comfortable income for STX

Light
May 10, 2017 09:58AM

Registered: 2 years ago
Posts: 30

I'm surprised you'd be worried about living on 100k.

Re: Minimum comfortable income for STX

JohnnyU
May 10, 2017 11:30AM

Registered: 4 years ago
Posts: 462

Quote
Gator's Mom
The government has been going bankrupt for many many years - if the feds step in, all for the better

The government had Hovic/Hovensa over most of that time period - the current situation is nowhere near the same

What the Feds do with PR will provide the info as to how they'll handle other bankruptcies.

Re: Minimum comfortable income for STX

Gator's Mom
May 10, 2017 12:39PM

Registered: 5 years ago
Posts: 902

Recession, EDC program, Hovensa closing and PROMESA have made it harder to kick the can down the road.

VI structural deficits have accumulated for a very long time.


[stthomassource.com]

Quote
JohnnyU
Quote
Gator's Mom
The government has been going bankrupt for many many years - if the feds step in, all for the better

The government had Hovic/Hovensa over most of that time period - the current situation is nowhere near the same

What the Feds do with PR will provide the info as to how they'll handle other bankruptcies.

Re: Minimum comfortable income for STX

Pdmargie
May 11, 2017 04:42AM

Registered: 3 years ago
Posts: 286

Quote
Light
I'm surprised you'd be worried about living on 100k.


I worried about living on substantially less than $100,000.00

Re: Minimum comfortable income for STX

Afriend
May 11, 2017 05:30AM

Registered: 12 years ago
Posts: 458

Quote
Pdmargie
Quote
Light
I'm surprised you'd be worried about living on 100k.


I worried about living on substantially less than $100,000.00


Here's a simple formula you can use to answer your original question: Take the amount you need to maintain YOUR MINIMUM LIFESTYLE where you now reside. Add 30 % to that number and you'll have a good idea of how much you'll need to support that lifestyle in the USVI's.

And, don't fool yourself into believing you can s[end less if you live a "simpler" lifestyle when you get to the Caribbean. Life in the Caribbean is not simple as island life has it's own set of challenges and most of them cost money. Everything moves slower but costs more.

Good luck making your decision.

Re: Minimum comfortable income for STX

Pdmargie
May 11, 2017 07:55AM

Registered: 3 years ago
Posts: 286

Well,...since nurses generally work three 12 hour shifts a week. I suppose, if necessary, a second "fun" job a couple days a week will provide fun money.

Re: Minimum comfortable income for STX

Kasea
January 07, 2018 06:13PM

Registered: 9 months ago
Posts: 2

Did you move to STX & get a nursing job? My wife & family are considering it too & she's an RN.

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