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FIREcalc and value of Medicare
Old 10-02-2004, 05:47 AM   #1
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FIREcalc and value of Medicare

In FIREcalc, I want to use a withdrawal change in the year of Medicare eligibility to reflect the expected reduction of health insurance cost. Does anyone have a ballpark figure to use? I'm guessing Medicare coverage for two might be worth close to $10 today? I looked at but couldn't find any hard data on this...

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Re: FIREcalc and value of Medicare
Old 11-06-2004, 08:42 AM   #2
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Re: FIREcalc and value of Medicare

I haven't done that because I expect that Medicare benefits will likely be reduced or means-tested, and I also expect that supplemental healh insurance packages will be more costly in he future, largely offsetting the reduction in living expenses that the start of Medicare would allow.


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Re: FIREcalc and value of Medicare
Old 11-06-2004, 09:56 AM   #3
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Re: FIREcalc and value of Medicare

I think it will be a wash, at best. I'm 13 years from Medicare - IF no changes are made. Within that time I expect healthcare to outpace inflation by a good margin. Any help I get from Medicare down the road will simply help to keep me from sinking deeper into the hole I will be in by that time.
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