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01-01-2019, 09:59 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Apr 2013
Location: Beach and Mountain
Posts: 1,087
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Medicare Cost Research
First of all, I have LTC policies for DW and myself.
DW will be eligible to apply for Medicare in 15 months and Georgia is down by 2 touchdowns so I thought I would begin research on Medicare. I believe I understand the deductibles, co-pays, holes, supplements, etc. I am looking at total cost.
I thought I would select Plan A and B ($135 a month as our income is low), a lower end Plan D for about $30 and middle of the road supplement for about $70. Total monthly cost of about $235 per person. I know, when the time comes, I will have to look through options in much more detail. I just want some of you guys to confirm that my costs are in the ballpark.
Thanks.
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01-01-2019, 10:03 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Apr 2013
Location: Beach and Mountain
Posts: 1,087
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More from OP. I don't have MegaCorp insurance. No military. No Government. Both DW and I have enough quarters. We are not on many, if any, meds. Georgia is still down by 2 touchdowns.
Both will stay on Obamacare until we turn 65.
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01-01-2019, 10:48 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Oct 2013
Location: Cholula
Posts: 1,595
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An recent excellent thread on this subject can be found here: http://www.early-retirement.org/foru...ath-94740.html
DW will be eligible for Medicare January 1, 2020. We've already been in contact with Boomer Benefits.
Approximate projected cost:
Medicare Parts A & B - $135
Medi-gap Plan G supplement - $115
Plan D - $14
$264/month
It looks as though DW will be opting for one of the lower cost drug plans as she only has a single prescription for a thyroid med.
Lots to consider and think about when it comes to the Medi-gap plans and what one could end up paying OOP.
__________________
“Before you criticize someone, walk a mile in their shoes. That way, you’ll be a mile from them, and you’ll have their shoes.” – Jack Handey
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01-02-2019, 08:05 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Apr 2013
Location: Beach and Mountain
Posts: 1,087
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Candrew, thanks for the link. I had not seen this in my research. Also, thanks for your costs.
Right now, I pay a lot out of pocket, on purpose. With Medicare, I will have monthly premiums, but little no out of pocket. Of course, this assumes health will stay reasonable.
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01-02-2019, 08:11 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Yes, your costs are in the ballpark, although your $70 looks a little light depending on what supplement you choose
Quote:
Originally Posted by Z3Dreamer
Georgia is still down by 2 touchdowns.
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And ended up down by only one.
__________________
Numbers is hard
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01-02-2019, 08:16 AM
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#6
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gone traveling
Join Date: Apr 2011
Posts: 3,375
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Quote:
Originally Posted by Z3Dreamer
DW will be eligible to apply for Medicare in 15 months and Georgia is down by 2 touchdowns
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I felt your pain in Lexington in November.
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