Hello All,
I recently retired from a Megacorp j*b. I am 61 and presently using Cobra for our medical needs (DW is 59 but has chronic health issues - lost most of her small intestines and needs external nutritional support, TPN). Our present Cobra premium is approx. $1750/month.
Looking ahead I am starting to look at Medicare costs. DW has been disabled more than 2 years and could apply for Medicare but I doubt it's better than the Cobra policy we have now (Aetna). It costs an arm and leg but I feel it's a lot better than what we would get from Medicare.
My understanding is that DW and I will require our own policies-can't have one policy with a dependent as with Cobra. Medicare supplement Plan F looks to be the best choice since it seems to cover the most, Of course it has the highest premium.
I am trying to put a number on what maximum yearly premium I should plan on to cover Medicare Part A ,B, supplement, and D (drugs). This would include any deductibles, copays, etc. I feel like my Medicare premiums will be in the same ballpark as our Cobra premiums ($20+K/yr). However, since there seems to be a lot of retirees who pay Medicare premiums maybe I'm getting worked up unnecessarily.
So my question to all Medicare retirees: what is the maximum Medicare premium to plan for? I know it depends on location, We live in Chester County Pennsylvania, zip code 19460.
Thanks, in advance, for any feedback.
I recently retired from a Megacorp j*b. I am 61 and presently using Cobra for our medical needs (DW is 59 but has chronic health issues - lost most of her small intestines and needs external nutritional support, TPN). Our present Cobra premium is approx. $1750/month.
Looking ahead I am starting to look at Medicare costs. DW has been disabled more than 2 years and could apply for Medicare but I doubt it's better than the Cobra policy we have now (Aetna). It costs an arm and leg but I feel it's a lot better than what we would get from Medicare.
My understanding is that DW and I will require our own policies-can't have one policy with a dependent as with Cobra. Medicare supplement Plan F looks to be the best choice since it seems to cover the most, Of course it has the highest premium.
I am trying to put a number on what maximum yearly premium I should plan on to cover Medicare Part A ,B, supplement, and D (drugs). This would include any deductibles, copays, etc. I feel like my Medicare premiums will be in the same ballpark as our Cobra premiums ($20+K/yr). However, since there seems to be a lot of retirees who pay Medicare premiums maybe I'm getting worked up unnecessarily.
So my question to all Medicare retirees: what is the maximum Medicare premium to plan for? I know it depends on location, We live in Chester County Pennsylvania, zip code 19460.
Thanks, in advance, for any feedback.