Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 02-17-2011, 05:24 PM   #21
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Moemg's Avatar
 
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 10,032
Quote:
Originally Posted by harley View Post
Luckily, I'm only 55. I'm sure they'll have this simplified and automatic by the time I get there.

That's a joke right !
__________________

__________________
Moemg is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-26-2011, 12:39 PM   #22
Recycles dryer sheets
 
Join Date: May 2007
Posts: 137
I went on Medicare last June. I was on my wives private insurance plan through her employer. It was a large group plan and I paid about $700 a month plus $20 when you visited a doctor or had lab work. I too felt overwhelmed by all of the various supplemental plans and Medicare Advantage plans. It did not take long to get past all of the smoke and mirrors.

I decided to go with the AARP supplemental and drug plan. My monthly costs are less then half of what the private plan was and I can see any doctor. The plan I had before was a HMO and I had to drive 70 miles one way to a doctor or hospital.

My monthly premiums are $110 to Medicare, $115 for AARP supplement and $40 for AARP drug plan. That totals $265 and I have yet to pay any copay's. I pay an average $8 for medications. Under my wives plan I paid $10 for medications. I now can see a local doctor and my drive is about 15 min same for a hospital or lab.

I LOVE MEDICARE!!!!!
__________________

__________________
Freein05 is offline   Reply With Quote
Old 04-07-2011, 04:55 PM   #23
Full time employment: Posting here.
 
Join Date: Jan 2008
Posts: 882
Quote:
I was on my wives private insurance
I think you meant "wife's", right? or are they all cool with this setup?
__________________
jebmke is offline   Reply With Quote
Old 04-07-2011, 05:31 PM   #24
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2007
Posts: 5,072
The part D legislation implementation is horrible. It did provided drug coverage... but it was a giveaway to the drug companies (no ability to broadly negotiate drug prices) and the insurance companies had inconsistent coverage which resulted in a convoluted nightmare that was difficult to understand.
__________________
chinaco is offline   Reply With Quote
Old 04-07-2011, 05:45 PM   #25
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Moemg's Avatar
 
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 10,032
I am still confused about Medicare . If you have government retiree health insurance do you need Part B ?
__________________
Moemg is offline   Reply With Quote
Old 04-07-2011, 05:47 PM   #26
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2007
Posts: 5,072
Quote:
Originally Posted by Moemg View Post
I am still confused about Medicare . If you have government retiree health insurance do you need Part B ?
Call the 800 number and ask.
__________________
chinaco is offline   Reply With Quote
Old 04-07-2011, 06:36 PM   #27
gone traveling
 
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
Quote:
Originally Posted by Moemg View Post
I am still confused about Medicare . If you have government retiree health insurance do you need Part B ?
Rather than me typing a novel, here's some info:

Understanding Medicare Part A, Part B, Part C and Part D -- AARP Health

Each plan covers a different part of your possible health needs. You can (but should not) opt out of Part B (unless you never want to see a doctor!). You'll also need Part D for drugs, but some folks do opt out if they currently don't take a lot of meds.
__________________
rescueme is offline   Reply With Quote
Old 04-07-2011, 07:31 PM   #28
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Moemg's Avatar
 
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 10,032
Quote:
Originally Posted by rescueme View Post
Rather than me typing a novel, here's some info:

Understanding Medicare Part A, Part B, Part C and Part D -- AARP Health

Each plan covers a different part of your possible health needs. You can (but should not) opt out of Part B (unless you never want to see a doctor!). You'll also need Part D for drugs, but some folks do opt out if they currently don't take a lot of meds.

Yes but basically My Federal Health Insurance is part B & D . IMO I can either not take part B or take a lesser insurance plan from the Federal retirement Program and take part B (which will pay my deductibles and co pays ).I can not drop the Federal Insurance or I lose it forever . I am not sure which is better . Luckily I have a while to figure it out .
__________________
Moemg is offline   Reply With Quote
Old 04-07-2011, 07:44 PM   #29
Thinks s/he gets paid by the post
GregLee's Avatar
 
Join Date: Oct 2010
Location: Waimanalo, HI
Posts: 1,881
Quote:
Originally Posted by Moemg View Post
I am still confused about Medicare . If you have government retiree health insurance do you need Part B ?
I have state government retiree health insurance, and I do need Part B. My state retirement plan pays the Part B premium of $110.50/mo, but I have to subscribe to Part B for that to happen. But you probably mean federal government retiree health insurance? I found this page Medicare Interactive - Script describing that.
__________________
Greg (retired in 2010 at age 68, state pension)
GregLee is offline   Reply With Quote
My experience
Old 04-07-2011, 07:58 PM   #30
Recycles dryer sheets
 
Join Date: Aug 2007
Location: S.W. Minnesota
Posts: 134
My experience

I was a self employed consultant for the last 9 years before Medicare. I had a Blue Cross plan that cost around $350/month for both my wife and myself. $10k deductable, for each. Went for the $15K deductuble the last year for about a 20% premium deduction. (to paraphrase the most interesting man in the world, "stay healthy, my friend")

At 65 we went with a Medicare advantage plan (Humana PPO). Premiums are $49/mo (and they get the approx $100 part B premium that Medicare deducts from SS.)

$10 copay family doctor visits, $30 specialist copay, $150 fixed ambulance copay (where we live, a 100 mi helicopter ride costs SEVERAL thousand dollars getting to a bigger medical center). Part D is included with most generics included free. Silver sneakers is in the plan, so going to the "Y" to work out is free! All this assumes you stay in network ($500 deductable, if you go out of network)

Our approach to geezerhood is to eat healthy (we're low carb paleo and have gotten down to fighting weight in the last 2 years, after reading Good Calories, Bad Calories -Thanks, Rich!) Excercise: brief but heavy weight lifting, like 15 minutes a week, together with yoga or swimming to preference. I could almost say I'm in the best shape of my life (except for the bald part)

Pay attention to whats going with your body. Prevent the problems. Why wait till you are sick? Doctors and hospitals are for sick people - You don't want to go there!!!!
__________________
waltwill8 is offline   Reply With Quote
Old 04-07-2011, 08:47 PM   #31
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Moemg's Avatar
 
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 10,032
Quote:
Originally Posted by GregLee View Post
I have state government retiree health insurance, and I do need Part B. My state retirement plan pays the Part B premium of $110.50/mo, but I have to subscribe to Part B for that to happen. But you probably mean federal government retiree health insurance? I found this page Medicare Interactive - Script describing that.

Thank you ! So basically I will opt for Part B and get a lesser plan from the Federal Government .
__________________
Moemg is offline   Reply With Quote
Old 04-07-2011, 09:38 PM   #32
Thinks s/he gets paid by the post
GregLee's Avatar
 
Join Date: Oct 2010
Location: Waimanalo, HI
Posts: 1,881
Quote:
Originally Posted by Moemg View Post
So basically I will opt for Part B and get a lesser plan from the Federal Government .
Perhaps. I don't know. I've just read over the page I referred you to, and it seems ... complicated. But I opted for Part B as primary insurance and have a state funded plan as supplementary insurance.
__________________

__________________
Greg (retired in 2010 at age 68, state pension)
GregLee is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Classic Medicare & Medigap vs. Medicare Advantage haha Health and Early Retirement 23 05-21-2011 10:36 AM
Welcome to Medicare FinallyRetired Health and Early Retirement 30 08-17-2010 05:13 PM
Medicare B ronin FIRE and Money 5 04-18-2010 10:59 AM
I can almost see medicare from where I'm sitting mickeyd Health and Early Retirement 2 07-22-2009 06:34 PM
Medicare+Medigap vs. Medicare Advantage haha FIRE and Money 2 02-01-2006 09:16 PM

 

 
All times are GMT -6. The time now is 04:14 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.