Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Which Employer medicare insurance?
Old 11-27-2019, 01:48 AM   #1
Recycles dryer sheets
 
Join Date: May 2016
Posts: 57
Which Employer medicare insurance?

DW will soon be 65 and sign up for Part A & B medicare. She's gonna delay social security till later, probably age 70.
She has not yet needed any medical care and takes no prescription drugs.

We have to pick from 2 available company employee/retiree insurance plans. Pre medicare we had her on both. One was secondary to the other.
The premedicare plans end. We have to pick one for age 65 on medicare

She has a insurance plan available from her company, from which she retired, that is secondary to medicare, has $0 copays for many, maybe all, things, does not cover drugs, but will reimburse up to $40 for a part D. We have a 3 page summary of this plans coverage. It's $38/mth

She also has a plan available to spouses of retirees from the company I retired from. It's a medicare advantage plan. It has some $20 copays for some things, $40 for some and $0 for a lot of preventative stuff. Drugs are covered. There's a $1250 maximum out of pocket/year. We have a 54 page summary of this advantage plan. It's $50/mth

I'm older, have made significant use of this advantage plan for some surgeries, tests, treatments, & followups. I had to pay out about $1200 after a surgery. I get a few bills for small amounts like $6 or $11.

DW thinks her employer might have more long term stability because they are a public gas/electric utility. Mine is a steel mill.

These plans are complicated. I've called and asked questions. I don't think I know all the right things to ask to pick the best plan. Both have some kind of coverage for skilled nursing care facility. That sounds like a big deal to me. It's 3 lines on a chart on my advantage plan and I only have a verbal statement over the phone on the other plan.

Anyway we have to pick one or the other.
__________________

thatguy 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 11-27-2019, 05:52 AM   #2
Thinks s/he gets paid by the post
 
Join Date: Dec 2014
Location: Huntsville, AL/Helen, GA
Posts: 4,086
I would go with her company's program, and purchase a Part D separately.

We're being bombarded with advertising and phone calls offering the Advantage plans. It sounds so great on paper but may not be so great in reality as they work like HMO's. Not all hospitals and not all really great doctors participate in Advantage plans.

My wife has had numerous medical procedures in 3 different states, and she prefers to call the shots on who her doctors are and which hospitals to go to. So we're sticking with the expensive Plan F for the upcoming year.

You're just so fortunate that your wife is so healthy--at least for now.
__________________

Bamaman is offline   Reply With Quote
Old 11-27-2019, 07:01 PM   #3
Recycles dryer sheets
 
Join Date: May 2016
Posts: 57
I found some info about medigap plans F,K,G,L,N,M,C,B,D,A, people are referring to.

So basically it's a choice between a offered medigap plan or a advantage plan.

The advantage plan pays for glasses up to an amount. The medigap pays only for the exam.
I'm inclined to think the advantage plan is better but the medigap plan might require less copays for the less than catastrophic stuff.

DW would loose my advantage plan if she remarries.
If she looses one plan she can still join the other. I think there are papers that must be filed to preserve that option.
thatguy 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
Switching from Pre-Medicare Retiree Health Insurance to Medicare During the Year Another Reader Health and Early Retirement 15 11-27-2017 11:24 AM
Take Employer's Health Insurance or Private Insurance? Marketwatcher FIRE and Money 15 03-07-2016 11:46 AM
Keep my individual health insurance even though I have employer health? bikeknit Health and Early Retirement 17 05-08-2011 11:30 AM
Any reason not to abandon employer heath insurance? utrecht FIRE and Money 22 12-19-2010 11:55 AM
Spouses and Employer Health Insurance Buckeye Health and Early Retirement 5 10-27-2007 05:56 PM

» Quick Links

 
All times are GMT -6. The time now is 11:40 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
×