skipro33
Thinks s/he gets paid by the post
I am almost 63, retired at 56 and have health care coverage under my employer I retired under. I currently pay $107 a month through a pension deduction for my and DW's medical coverage. It's a very good coverage with $20 copays for Dr. visits and prescriptions. Out of pocket costs have been under $1,000 a year for the both of us combined and that includes one broken wrist and a torn rotator cuff surgery. Also covered $7,000 worth of hearing aides for me, no co-pay on durable goods, as well as vision exams. (But not glasses or contacts)
My past employer will have me apply for Medicare at 65, of course, and will continue my current health care that Medicare doesn't cover. I assume it's behind-the-scenes paperwork to manage the billing, but basically I don't expect I'll see any difference in how I use medical care. I do expect that Medicare will cost me out-of-pocket above and beyond what I already am paying for my retirement medical plan through my old employer. Anyone have any idea what I should expect to pay? I'm assuming the employer will have it as a deduction on my pension like they do for my current medical coverage.
My past employer will have me apply for Medicare at 65, of course, and will continue my current health care that Medicare doesn't cover. I assume it's behind-the-scenes paperwork to manage the billing, but basically I don't expect I'll see any difference in how I use medical care. I do expect that Medicare will cost me out-of-pocket above and beyond what I already am paying for my retirement medical plan through my old employer. Anyone have any idea what I should expect to pay? I'm assuming the employer will have it as a deduction on my pension like they do for my current medical coverage.