Planning for Medicare from Private PPO when I retire, currently myself 66, wife 65, both of us enrolled in Part A already. Additionally, neither of us draws SS yet and don't plan to until 70+ to maximize benefit as we won't need SS to maintain lifestyle.
I believe we will always be in a high income tax bracket, especially when RMD happens.
Simple question: What sort of budgetary numbers can I expect when we transition off private PPO insurance from my employer to a full-service PPO Medicare plan? It won't affect our cashflow much since we are comfortably FI but it is still an expense to deal with so I was curious what to expect. I remember my parents' premiums for AARP Secure Horizons PPO were very modest but they did not have the retirement income level we have.
Just rough budgetary numbers would be helpful.
One other question, how far in advance of retirement date should I dial in our Medicare PPO coverage so I avoid COBRA or other expenses to overlap smoothly?
I believe we will always be in a high income tax bracket, especially when RMD happens.
Simple question: What sort of budgetary numbers can I expect when we transition off private PPO insurance from my employer to a full-service PPO Medicare plan? It won't affect our cashflow much since we are comfortably FI but it is still an expense to deal with so I was curious what to expect. I remember my parents' premiums for AARP Secure Horizons PPO were very modest but they did not have the retirement income level we have.
Just rough budgetary numbers would be helpful.
One other question, how far in advance of retirement date should I dial in our Medicare PPO coverage so I avoid COBRA or other expenses to overlap smoothly?